St. Paul home prices rise in May 2017

St. Paul home prices rise in May 2017
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The median sale price of a home sold in May 2017 in St. Paul rose by $18,225 while total sales increased by 0.6%, according to BlockShopper.com.

In May 2017, there were 356 homes sold, with a median sale price of $195,725 – a 10.3% increase over the $177,500 median sale price for the same period of the previous year. There were 354 homes sold in St. Paul in May 2016.

The median sales tax in St. Paul for 2017 was $2,566. In 2016, the median sales tax was $2,484. This marks an increase of 3.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.3%.

The following table compares St. Paul to other Ramsey County cities with similar median sales prices in May 2017:

City May 2017 Home Sales May 2016 Home Sales % change (Total Home Sales) May 2017 Median Sales Price May 2016 Median Sales Price % change (Median Sales Price)
Roseville 42 54 -22.2% $240,250 $224,212.50 7.2%
Maplewood 50 53 -5.7% $230,000 $215,000 7%
Falcon Heights 7 3 133.3% $225,000 $273,500 -17.7%
White Bear Lake 30 40 -25% $224,000 $232,250 -3.6%
New Brighton 34 34 0% $218,750 $225,129.50 -2.8%
North St. Paul 31 16 93.8% $216,900 $180,000 20.5%
St. Paul 356 354 0.6% $195,725 $177,500 10.3%
Vadnais Heights 15 26 -42.3% $185,000 $203,500 -9.1%
Little Canada 7 17 -58.8% $177,900 $250,000 -28.8%
St. Anthony 5 2 150% $169,000 $356,500 -52.6%
Lauderdale 2 4 -50% $145,500 $163,299.50 -10.9%


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