Is Saint Paul, MN 55118 a buyer’s or seller’s market?

The Saint Paul housing market right now

In the three months ending August 31, 2026, 35% of homes in Saint Paul, MN 55118 sold above their list price, the typical home went under contract in 21 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 117 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 38%, homes sold about as fast and the median sale price rose 3% to $379,836. Overall, Saint Paul is about as competitive as it was a year ago.

Within Dakota County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 63%. On our competition score, Saint Paul ranks #67 of 296 MN ZIP codes with enough sales (score 79 out of 100).

Nearby, buyers who want less competition could look at Hampton 55031 (0% sold over asking) or Rosemount 55068 (25% sold over asking), while Saint Paul 55120 (55% sold over asking) and South Saint Paul 55075 (51% sold over asking) are even more competitive.