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Wednesday, November 6, 2024

What happened to the median home price in South St. Paul during February 2022?

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The median sale price of a home sold in February 2022 in South St. Paul rose by $25,000 while total sales decreased by 35%, according to BlockShopper.com.

In February 2022, there were 13 homes sold, with a median sale price of $260,000 - a 10.6% increase over the $235,000 median sale price for the same period of the previous year. There were 20 homes sold in South St. Paul in February 2021.

The median sales tax in South St. Paul for the most recent year with available data, 2020, was $2,833, approximately 1.1% of the median home sale price for February 2022.

The following table compares South St. Paul to other Dakota County cities with similar median sale prices in February 2022:

CityFeb. 2022 Home SalesFeb. 2021 Home Sales% change (Total Home Sales)Feb. 2022 Median Sales PriceFeb. 2021 Median Sales Price% change (Median Sales Price)
Burnsville2839-28.2%$373,775$317,00017.9%
Eagan3342-21.4%$360,000$280,00028.6%
Farmington201811.1%$338,500$313,9507.8%
Apple Valley2738-28.9%$313,500$271,25015.6%
Lakeville2656-53.6%$307,500$332,500-7.5%
Inver Grove Heights2635-25.7%$290,000$269,9007.4%
Hastings181428.6%$287,500$277,5003.6%
Empire41300%$275,000$515,000-46.6%
South St. Paul1320-35%$260,000$235,00010.6%
West St. Paul1314-7.1%$260,000$247,5005.1%
Rosemount520-75%$250,000$301,000-16.9%

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