St Paul Duplex Sales Go Their Own Way

If the city of St Paul was a person, it would be a non-conformist. It would have its own sense of style and timing, moving through the world to a tune on it hears.

For example, the city’s duplex market saw 84 active listings in January. While other metro cities trend up in active inventory, this was actually a decline from the 124 active listings in September; the most in over a decade.

St Paul saw 27 new listings last month. While this was nearly double December’s 14, it was just one more year-over-year.  The Summit-University and North End neighborhoods saw the most new inventory to choose from with 4 each. The market topper was a 12 bedroom, 6 bathroom fourplex in the Mac-Groveland neighborhood that listed for $1,370,000. A North End 4 bedroom, 2 bathroom house conversion set a high bottom listing at $225,000.

The month saw 17 duplex, triplex and fourplex owners close on the sales of their properties in January. These 17 sellers netted 98.9% of their original asking price. after spendng a median of 46 days on the market. A 5 bedroom,  bathroom house conversion in the Thomas/Dale neighborhood closed at $190,000 using contract for deed financing.  A non-conorming St Anthony Park triplex with 4 bedrooms and 3 bathrooms topped the month, closing at $660,000.

The Summit-University and Payne-Phelan neighborhoods saw the greatest number of transactions, posting three sales each.

Seller’s obtained a median sales price of $351,000 for the month, and an average of $385,147. Both were up from both December and January, 2025.

Finally, a number that increasingly bears watching is expired listings; those that went off the market without selling. January saw  31. While this was a dramatic drop from December’s year-end 65, it didn’t differ too greatly from last January’s 30.

In all, St Paul saw a 5 month supply of inventory. This is generally considered to be a balanced market, where sellers and buyers are on equal footing. This differs from Minneapolis, where January saw an 8 month supply, which is a buyer’s market.

As the days grow longer and warmer, we’ll see if St Paul keeps doing its own thing. My guess is it will.