Downtown St. Paul was very quiet during most of the pandemic. It is a bit more lively partly because of hockey and baseball. Some downtown workers have come back too. Right now 20% of all homes on the market in St. Paul are downtown condos. In most of the city, there is less than a two-month supply of homes for sale but in downtown St. Paul there is a four-month supply.
It is a seller’s market but less so than in many other parts of the metro area. The prices of condos that are currently for sale start at 80K and go up to one million with a median list price of $218,000, which is about 70K less than what it is for the rest of the city. There are definitely opportunities for homeownership in downtown St. Paul.
