I know the real estate market has recovered when people start asking me how long it will take me to sell their home rather than asking if their home is salable. The chart below answers the question ‘how many days will it take to sell my three bedroom Highland Park home?’ and the answer is 26. It will take an average of 40 days if that Highland Park home has over 2000 square feet of living space and an average of 58 days if that home is listed for more than 250K.
These are all averages. Over priced homes are going to sell at a much slower rate and homes that are priced just right and in good repair and in good repair can sell in a few hours. The average days on market for a three bedroom home in St. Paul is 28 days.