January’s MLS stats are out and St. Paul saw a healthy jump in its median sales price – it’s up 11 percent over the median sales price in January of 2014. It now stands at $149,835.
We saw fewer homes listed this January compared to last, closed sales decreased 8.6 percent and properties remained on the market longer this year, 102 days compared to 98 in January 2014.
The winning St. Paul neighborhoods
When we break the St. Paul real estate market down into neighborhoods we find clear winners and losers. These neighborhoods saw the largest increases in median sales prices:
- West Seventh, up 69.8 percent to $170,250
- Dayton’s Bluff, up 50.7 percent to $130,000.
- Greater East Side, up 36.4 percent to $137,400.