South St. Paul home prices rise in March 2017

South St. Paul home prices rise in March 2017
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The median sale price of a home sold in March 2017 in South St. Paul rose by $24,600 while total sales increased by 24%, according to BlockShopper.com.

In March 2017, there were 31 homes sold, with a median sale price of $184,500 – a 15.4% increase over the $159,900 median sale price for the same period of the previous year. There were 25 homes sold in South St. Paul in March 2016.

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

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

City Mar. 2017 Home Sales Mar. 2016 Home Sales % change (Total Home Sales) Mar. 2017 Median Sales Price Mar. 2016 Median Sales Price % change (Median Sales Price)
Rosemount 39 31 25.8% $230,000 $232,515 -1.1%
Burnsville 77 77 0% $229,000 $230,000 -0.4%
Farmington 52 47 10.6% $226,000 $200,000 13%
Vermillion 2 0 – $225,500 $0 –
Apple Valley 73 80 -8.8% $209,987 $185,450 13.2%
Lilydale 1 3 -66.7% $197,500 $229,900 -14.1%
Inver Grove Heights 27 33 -18.2% $193,000 $180,000 7.2%
Hastings 38 27 40.7% $187,500 $190,000 -1.3%
West St. Paul 30 18 66.7% $184,950 $178,000 3.9%
South St. Paul 31 25 24% $184,500 $159,900 15.4%
Hampton 1 2 -50% $175,000 $212,500 -17.6%


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