New - 20 hours on Rocket
$4,642 Closing Credit¹
#6678322, Listing Office: Centra Homes, LLC
Saint Michael Housing Market Report February 2025•Wright County, Minnesota
Housing Prices in Saint Michael, MN
How much do homes in Saint Michael, MN cost?
Housing Market Conditions
Is Saint Michael, MN a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Saint Michael is a Buyer's Market
Difference Since February 2024
At the same time last year, Saint Michael was a Seller's Market.
Insight
Saint Michael is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$435,736$188/SqFt
-$3,260
-0.7%
Based on all homes sold in the last 12 months
Insight
Homes in Saint Michael have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Saint Michael was $435,736 in February 2025, down 0.7% from last year, and the median price per square foot was $188.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Hanover | $423.1K | $451.5K | +6.7% |
| Saint Michael | $438.9K | $435.7K | -0.7% |
| Otsego | $421.2K | $403.7K | -4.2% |
| Albertville | $375K | $355K | -5.3% |
| Hassan Township | $478.9K | $439.9K | -8.2% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $299.9K | $317.4K | +5.9% |
| 33 Bedrooms | $379.9K | $370.2K | -2.5% |
| 44 Bedrooms | $475K | $476.7K | 0.4% |
| 55+ Bedrooms | $524.9K | $526.3K | 0.3% |
Summary: Saint Michael housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +5.9%. The home price for 3 bedroom homes decreased by -2.5%. The home price for 4 bedroom homes increased by 0.4%. The home price for 5 bedroom homes increased by 0.3%.
Housing supply in Saint Michael, MN
How many homes are available in Saint Michael, MN?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 163Last MonthFeb 2025 | ||
| 1312 months agoJan 2025 | +24.4 % Change MoMJan – Feb |
Summary: The Saint Michael real estate market had 163 homes for sale in Feb 2025, a 24.4 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthFeb 2025 | ||
| 242 months agoJan 2025 | -25.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 15 | 13 | -13.3% |
| 33 Bedrooms | 38 | 55 | +44.7% |
| 55+ Bedrooms | 30 | 36 | +20.0% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 44 Bedrooms | 48 | 59 | +22.9% |
Summary: Saint Michael housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes decreased by -13.3%. The inventory for 3 bedroom homes increased by +44.7%. The inventory for 5 bedroom homes increased by +20.0%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +22.9%.
Asking Price vs. Sold Price
How much do homes in Saint Michael, MN cost?
Over Asking Price2 Homes
At Asking Price7 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in Saint Michael, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Saint Michael in February 2025, down by 25.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 39% were sold at asking, and and 11% were sold over asking.
Days on Market for Saint Michael, MN
How long does it take to sell a home in Saint Michael, MN?
Breakdown of Home Sale Times
Under 30 Days9 Homes
30 – 90 Days4 Homes
Over 90 Days5 Homes
Insight
Many homes in Saint Michael are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 18 homes were sold in Saint Michael; 50% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 53 DaysThis YearFeb 2025 | ||
| 36 Days1 year agoFeb 2024 | +46.7 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Saint Michael had an average listing age of 53 days in Feb 2025, up by 46.7% compared to the previous year.
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Newest Listings in Saint Michael, MN
What homes are available in Saint Michael, MN?
New - 20 hours on Rocket
$6,209 Closing Credit¹
#6678291, Listing Office: Centra Homes, LLC
New - 1 day on Rocket
$3,858 Closing Credit¹
#6678147, Listing Office: M/I Homes
New - 3 days on Rocket
$4,476 Closing Credit¹
#6671293, Listing Office: EPIC Realty, Inc
New - 3 days on Rocket
$6,947 Closing Credit¹
#6677123, Listing Office: First Impressions Home Group
New - 3 days on Rocket
$4,073 Closing Credit¹
#6671476, Listing Office: M/I Homes
New - 3 days on Rocket
$4,076 Closing Credit¹
#6658827, Listing Office: M/I Homes
New - 4 days on Rocket
$5,295 Closing Credit¹
#6676278, Listing Office: Centra Homes, LLC
New - 5 days on Rocket
$9,203 Closing Credit¹
#6655008, Listing Office: Edina Realty, Inc.
New - 6 days on Rocket3D tour
$6,335 Closing Credit¹
#6675591, Listing Office: Lennar Sales Corp
New - 6 days on Rocket3D tour
$6,056 Closing Credit¹
#6675588, Listing Office: Lennar Sales Corp
New - 6 days on Rocket3D tour
$6,036 Closing Credit¹
#6675586, Listing Office: Lennar Sales Corp
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Based on information from NorthStar of Minnesota / Regional Multiple Listing Service of Minnesota Inc., for the period 03/01/2023 - 03/01/2025
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Last updated on: 3/3/2025, 12:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.