We like to say real estate is local, and it really is. Sure there are city wide trends and state wide trends and national trends too. One thing I am really noticing this spring is that in some neighborhoods homes sell very quickly and in other neighborhoods they just sell quickly.
Days On Market
Click on Graph to make it larger- readable even
St. Paul Neighborhoods
Highland 30 days
Thomas-Dale 30 days
Como 33 days
Battle Creek-Highwood 37 days
St. Anthony Park 38 days
West Side 39 days
Hamline-Midway 43 days
Summit University 48 days
Payne-Phalen 49 days
Greater East Side 53 days
North End 53 days
Dayton’s Bluff 60 days
Downtown 61 days
Macalester-Groveland 81 days
Merriam Park/Lexington-Hamline 86 days
West Seventh 105 days
Summit Hill 124 days
The days on market number is the number of days on average that homes were on the market before they got an offer. I used pending sales only so that we can see how long it takes on average to get an offer by neighborhood. The average for the city is right around 52 days.
So if your house has been on the market for a few weeks and your co-worker is telling you all about his neighbor who sold his house in a day it could be because the home and the neighborhood and maybe they hired me to be their Realtor® and you chose someone else. 😉
