South St. Paul home prices fall in January 2017

South St. Paul home prices fall in January 2017
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The median sale price of a home sold in January 2017 in South St. Paul fell by $35,700 while total sales increased by 78.6%, according to BlockShopper.com.

In January 2017, there were 25 homes sold, with a median sale price of $160,500 – a 18.2% decrease over the $196,200 median sale price for the same period of the previous year. There were 14 homes sold in South St. Paul in January 2016.

The median sales tax in South St. Paul for the most recent year with available data, 2014, was $1,886, approximately 1.2% of the median home sale price for January 2017.

The following table compares South St. Paul to other Dakota County cities with similar median sales prices in January 2017:

City Jan. 2017 Home Sales Jan. 2016 Home Sales % change (Total Home Sales) Jan. 2017 Median Sales Price Jan. 2016 Median Sales Price % change (Median Sales Price)
Eagan 37 51 -27.5% $243,600 $256,000 -4.8%
Lakeville 50 75 -33.3% $234,506.50 $265,000 -11.5%
Burnsville 36 63 -42.9% $225,550 $168,000 34.3%
Rosemount 14 24 -41.7% $217,950 $223,000 -2.3%
West St. Paul 14 19 -26.3% $196,000 $179,900 8.9%
Farmington 27 27 0% $195,000 $195,000 0%
Apple Valley 43 58 -25.9% $194,000 $225,000 -13.8%
Inver Grove Heights 20 28 -28.6% $189,450 $192,500 -1.6%
Hastings 23 18 27.8% $188,500 $150,500 25.2%
Castle Rock 1 1 0% $187,000 $230,000 -18.7%
South St. Paul 25 14 78.6% $160,500 $196,200 -18.2%


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