Inventory in St. Paul Park stayed tight in February, with just 7 homes on the market and 4 new listings, even after a 16.67% month-over-month increase. Pending sales reached 5 and jumped 66.67% compared with last year, signaling that buyers are moving quickly when homes become available.
With so many homes going under contract, properties are taking longer to sell, spending a typical 36 days on the market, which is up 89.47% from the prior month and 12.5% year over year. Despite that longer timeline, months of supply is still low at 2.3, and the area is classified as a Seller's Market with a market gauge of 14.
Prices show some softening at the edges, as the typical home value sits around $339,900, down 0.74% month over month but still up 21.39% from last year. List prices are adjusting as well, with the median list price at about $307,450 in February and projected to ease to $301,200 in March, while the average sale-to-list ratio is just under full price at 0.99 and no recent sales closed above asking. Compared with Washington County’s typical home value of $430,000, St. Paul Park offers a lower price point even as values have risen much faster year over year, and Agent Pronto can connect both buyers and sellers with an agent who understands these trends.
