St. Paul Real Estate Market Update — May 18–25, 2026 | Natasha Cejudo

St. Paul Real Estate Market Update — May 18–25, 2026 | Natasha Cejudo

Posted Tuesday, May 27 — A day late in honor of Memorial Day, but the data is here and it's worth your attention.

Saint Paul's spring real estate market is continuing to reward sellers and challenge buyers in equal measure. This week's numbers, pulled from Northstar MLS for single family homes and condos, show homes selling above list price across nearly every central Saint Paul neighborhood. Whether you're a buyer trying to time your entry or a seller wondering if now is the right moment, these numbers paint a clear picture of where the market stands.

Macalester-Groveland: Competitive and Moving Fast

Macalester-Groveland delivered one of the strongest performances this week among Saint Paul neighborhoods. Homes averaged $626,000 in average price and spent just 20 days on market — among the fastest turnover in the city. Perhaps most tellingly, buyers paid an average of 105% of list price, meaning well-priced homes in this neighborhood are routinely sparking multiple-offer situations.

Macalester-Groveland's walkability, proximity to colleges, and beautiful mix of Tudor and Colonial-style architecture continue to attract buyers who move quickly and competitively. If you're a seller here, the data suggests you have significant leverage.

Highland Park: Top of the List for Offer-to-Price Ratio

Highland Park led all five neighborhoods this week with a 106% of list price average — meaning buyers are paying a full 6% above asking on average. The average list price came in at $643,000 with 25 days on market.

Highland Park's blend of tree-lined streets, proximity to the Mississippi River, and the ongoing revitalization along Ford Parkway continues to drive strong buyer interest. Homes here are well-maintained, architectural character is high, and competition among buyers remains fierce. For anyone considering listing in Highland Park this summer, the timing couldn't be stronger.

Summit Hill: A Luxury Market with Staying Power

Summit Hill operates in a different tier than the other neighborhoods in this week's report. The average list price reached $903,000 — the highest of any neighborhood tracked this week — while homes spent an average of 84 days on market and sold at 103% of list price.

The longer days on market in Summit Hill shouldn't be read as weakness. It reflects the nature of the upper-tier buyer, who takes more time to evaluate properties, conduct inspections, and consider financing at higher price points. The fact that these homes still close above list price speaks to the enduring desirability of Summit Hill's historic architecture, proximity to Summit Avenue, and established neighborhood character.

Summit University: The Most Accessible Entry Point

Summit University recorded an average list price of $502,000 this week, with 41 days on market and a 97% of list price ratio. It's the only neighborhood in this week's report where homes closed below asking on average — which, in a market this competitive, actually represents an opportunity for buyers.

Summit University offers architectural richness — including some of the most striking Victorian and Romanesque Revival buildings in Saint Paul — at a more attainable price point than its neighbors. Buyers who are patient and strategic can find real value here, particularly as the neighborhood continues to attract investment and attention.

Merriam Park: Steady and Strong

Merriam Park rounded out the week with an average list price of $640,000, 36 days on market, and a 103% of list price ratio. Merriam Park has long been one of Saint Paul's most beloved neighborhoods — compact, walkable, and full of mid-century character with excellent access to both Minneapolis and downtown Saint Paul.

Homes here move at a steady, reliable pace. The 103% close-to-list ratio confirms that buyers are still competitive without the extreme bidding wars seen in some other neighborhoods. For sellers, Merriam Park offers a stable and rewarding market. For buyers, it offers a slightly more measured pace without sacrificing desirability.

What This Week's Data Tells Us

Looking across all five neighborhoods, a few themes stand out clearly.

Saint Paul's central neighborhoods remain a seller's market. With four of five neighborhoods closing above list price and the fifth closing at 97%, buyers who come in underpriced are consistently losing out. Well-prepared offers, ideally accompanied by pre-approval and a strong understanding of comparable sales, are essential right now.

Days on market vary by price point, not demand. Macalester-Groveland and Highland Park are moving in three weeks or less. Summit Hill's 84 days reflects a more deliberate buyer, not a softer market — the 103% close-to-list ratio confirms that.

There is opportunity across every price point. Whether you're entering the market around $500K in Summit University or targeting the $900K+ tier in Summit Hill, Saint Paul's neighborhoods offer distinct character, strong community infrastructure, and consistent appreciation.

Thinking About Buying or Selling in Saint Paul?

If you're watching these numbers and wondering what they mean for your specific situation, I'd love to have that conversation. Every home is different, every block has its own nuances, and the right strategy depends on your goals and timeline — not just the weekly averages.

Reach out and let's talk about what this market looks like for you.

About Natasha Cejudo

Natasha Cejudo is a Saint Paul real estate expert with Lakes Sotheby's International Realty, specializing in the central Saint Paul neighborhoods of Macalester-Groveland, Highland Park, Summit Hill, Summit University, and Merriam Park. With deep local knowledge and a data-driven approach to every transaction, Natasha helps buyers and sellers navigate one of the Twin Cities' most dynamic markets with confidence and clarity.