Saint Paul, MN 55101 Real Estate Market Report

ZIP Code: 55101
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: This ZIP code has limited single-family residential (SFR) inventory. Metrics are based primarily on other residential property types (e.g. condos/townhomes) as a proxy, so treat SFR conclusions as directional rather than precise.

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Executive Overview

The median sold price in Saint Paul, MN (ZIP: 55101) is currently $299,900, reflecting a market that has seen a slight price decline. This trend is consistent with the overall market dynamics, which have resulted in a down year-over-year price trend. Despite this decrease, the market appears to be stabilizing, with forecasts suggesting potential recovery later in the year. The elevated median days on market, currently at 216 days, indicates slower sales velocity, which may suggest a cautious buyer sentiment in the area.

Inventory conditions are characterized by elevated inventory levels, with a notable gap between the median listing price of $189,000 and the median sold price. This discrepancy may indicate pricing friction, as sellers adjust expectations to align with current market realities. The rental market, in contrast, remains robust, with a median market rent of $1,910, reflecting a strong demand for rental properties and low vacancy rates, which could provide a buffer against the declining sales prices in the home-buying segment.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price is $299,900, indicating a market that has experienced a slight price decline.

2. Days on market are elevated at 216 days, suggesting slower sales velocity and potential buyer hesitation.

3. The median listing price of $189,000 creates a significant gap compared to the median sold price, indicating potential pricing friction.

4. The rental market remains strong with a median market rent of $1,910, reflecting increasing demand and low vacancy rates.

5. Market temperature is currently neutral, suggesting balanced conditions between buyers and sellers.

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Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.