Is Saint Paul, MN 55120 a buyer’s or seller’s market?
Saint Paul is a seller’s market. With about 3.2 months of supply and 55% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Saint Paul housing market right now
In the three months ending August 31, 2026, 55% of homes in Saint Paul, MN 55120 sold above their list price, the typical home went under contract in 14 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 45%, homes sold about as fast and the median sale price rose 10% to $434,812. Overall, Saint Paul is more competitive than a year ago, so tougher for buyers.
Within Dakota County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Hampton 55031 (0% sold over asking) or Rosemount 55068 (25% sold over asking).
Run the numbers for 55120
Nearby markets
Burnsville 55306Seller’s market $187 /sq ftBurnsville 55337Seller’s market $180 /sq ftFarmington 55024Seller’s market $192 /sq ftHampton 55031Buyer’s market $192 /sq ft Browse all markets →Towns like Saint Paul nearby
Find towns like Saint Paul in other states →Where Saint Paul is
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Questions about Saint Paul real estate
Is Saint Paul a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Saint Paul, MN 55120 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Saint Paul?
The typical home went under contract in 14 days in the latest three months.
Do homes in Saint Paul sell over asking?
55% of homes sold above their original list price, and the typical sale closed at 100.5% of the list price.
What are property taxes in Saint Paul?
About 0.98% of a home’s value a year in Dakota County, or roughly $3,920 on a $400,000 home.
What is the median home price in Saint Paul?
The median sale price was $434,812 in the three months ending August 31, 2026, about $249 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology