St Paul, MN Housing Market & Real Estate Update: steady values, slower pace
St Paul, MN – February 28, 2026 – St Paul prices stayed modestly higher year-over-year, with inventory active and homes taking longer to sell.
St Paul is moving through late winter with home values holding fairly steady and the overall pace feeling less rushed than peak-speed years. For many buyers, the main change is time: more days to compare condition, updates, and pricing before committing, even as many listings still sell close to asking.
Top takeaways
- Median closed price: about $280K (Jan 2026), up 3.7% year over year.
- Typical home value: about $283K, with roughly 647 homes listed for sale at month-end.
- Pace cooled: homes took about 51 days to sell on average, with 145 sales in Jan (down from last year).
- Negotiation snapshot: sale-to-list near 98.9%, suggesting many deals are still landing close to asking.
Market snapshot
January figures point to a market that is active, but not sprinting. Days on market are higher, and sales volume is lower than last year, yet the sale-to-list ratio indicates sellers who price reasonably can still attract offers that stay near the list price. Zillow’s snapshot also notes 138 new listings for the month and an average time to pending around 37 days, reinforcing the theme of more time between listing and contract than the fastest periods.
What’s for sale nearby
Current search results show roughly 589 active listings, including new or coming-soon properties. Visible asking prices span from the mid-$200Ks into the $700Ks, giving shoppers a wide range of choices across size, location, and finish level. With longer timelines, comparisons tend to get more detailed—buyers often weigh repair needs and renovation quality more closely before deciding whether a home is worth a premium.
What are you seeing right now: more price cuts, more competition, or more buyers waiting on rates?