Market Update
October 25 to November 2, 2026
Some weeks the market shouts. This one spoke in a lower register. Nine homes closed across Macalester-Groveland, Highland Park, Summit Hill, Summit University and Merriam Park, the kind of number that reflects a city with a lot on its mind: the last days of October, Halloween weekend and, on Tuesday, Election Day.
Quiet weeks are worth reading closely. With fewer sales, each one carries more of the story, and this week's handful of closings says a great deal about pricing, patience and where buyers are drawing their lines.
Before the numbers, the most important item on this week's calendar: vote.
Two homes closed in Macalester-Groveland this week at a median sale price of $393,500. Median days on market came in at 31, and the median sale price landed at 96.7% of list, the softest ratio of the five neighborhoods.
Both sales closed under their asking prices. A 1933 two-bedroom sold after a price reduction and with a seller credit, and a 1926 three-bedroom went under contract in just 12 days yet still closed below list. A quick sale does not always mean a full-price sale. Buyers here are moving decisively and negotiating anyway.
Three homes closed in Highland Park at a median sale price of $585,000, with a median of 25 days on market and a median of 100.0% of list. Highland posted the fastest pace of the five neighborhoods this week.
The range tells its own story. A 1910 four-bedroom sold in nine days at 105% of its list price (with a seller credit that softens the headline a bit), while a 1946 four-bedroom closed at exactly full price. Highland also carries the deepest pending pipeline of the group, which suggests more closings are on the way.
One home closed in Summit Hill this week, a 1920 three-bedroom that sold for $620,000 at 99.2% of list. Median days on market across the neighborhood's activity held at 53.
This figure is based on a single sale, and a single sale is not a trend. Summit Hill's active inventory skews considerably higher, toward its grand Victorian and Colonial Revival homes, so read this week's median as one data point rather than the neighborhood's price.
Summit University recorded one closing this week: a 1909 six-bedroom with nearly 8,000 total square feet that sold for $1,300,000, or 100.1% of its list price. Median days on market across the neighborhood came in at 57.
This median is based on a single sale and sits well above Summit University's typical price point. It is a remarkable house, and it took 179 days and a price adjustment to find its buyer, which is entirely normal at that level. It is a story about one exceptional property, not a shift in the neighborhood.
Two homes closed in Merriam Park at a median sale price of $472,500. Median days on market came in at 41, and homes sold at a median of 99.8% of list.
The more instructive of the two is a 1903 three-bedroom that came to market at $450,000, sat, was reduced to $424,000 and then sold for $430,000, slightly above the adjusted price. Once the number matched the market, buyers responded. The market always tells you the number. The only question is how long you make it wait.
Lower volume weeks tend to be read as slow weeks, but the details here point to a market that is discerning rather than dormant. Well-priced homes in Highland Park are moving in days. Homes that started high in Merriam Park and Macalester-Groveland found their buyers once pricing settled. And at the top of the market, patience remains part of the process.
Timing plays a role too. End-of-month closings, a holiday weekend and an election week all compress activity into fewer days. A week like this one is best read alongside the weeks around it.
Monthly market reports give the broad view: the direction of prices, inventory and demand across the city. They are essential, and they are the right lens for the big picture.
The Weekly Edit is the close-up. It tracks five neighborhoods, sale by sale, week after week, because a single high or low week is a moment, not a market. The nuance only shows itself over time, and that is where the truer read lives. Check back next week to see how this quieter chapter fits into the larger story.
And if you have not voted yet, Tuesday is the day.
Natasha Cejudo is a Saint Paul real estate advisor with Lakes Sotheby's International Realty, specializing in Macalester-Groveland, Highland Park, Summit Hill, Summit University and Merriam Park. In real estate since 2005, she represents buyers and sellers of architecturally distinctive and historic homes in central Saint Paul, and publishes The St. Paul Weekly Edit, a weekly neighborhood-level analysis of closed sales across these five neighborhoods.
Market Update
October 25 to November 2, 2026
Blog
Macalester-Groveland, Highland Park, Summit Hill, Summit University & Merriam Park | October 18 to 26, 2026
Lifestyle
My third listing on the lake, and yes, it’s a charm
Market Update
Macalester-Groveland, Highland Park, Summit Hill, Summit University & Merriam Park | October 12 to 19, 2026
Blog
Which is why this newsletter is over four hours late.
Market Update
October 5 to 12, 2026
Blog
September 27 to October 5, 2026
Natasha prides herself on an honest, transparent, and comprehensive approach based on mutual understanding and clear communication. She is patient, insightful, attentive, and responsive; her professionalism, humor, and candid approach make her a joy to work with. If you are considering a move this year or next, she would welcome a conversation with you!