St. Paul Duplex Market Update: 66% More Inventory Means Big Opportunities for Buyers in 2026

If you want to look at the St Paul duplex market as a glass half full, there was some good news t last month.

Fifteen duplexes, triplexes and fourplexes sold. That’s up 50% from March 2025. Both the average sales price of $440,310 and median of $339,000 were also up from last year. Seller’s obtained final sales prices at 98.6% of their original asking price as well.

The month’s high water mark was set by a Mac-Groveland 4-plex , featuring 12 bedrooms and 6 bathrooms. The turnkey building closed at $1,345,000. A Thomas-Dale house conversion duplex in need of cosmetics was the month’s value-add opportunity, closing at $160,000.

The Thomas-Dale neighborhood lead the way with 3 sales.  A four-way tie for second with two sales each was shared by the Como, North End, Greater East Side and Merriam Park/Lexington-Hamline neighborhoods.

Properties spent an average of 91 days on the market before selling. This was down slightly year over year to 91 from 95. Cumulative days before selling, counting days accumulated as a result of being cancelled and removed then relisted on the multiple listing service, rose slightly to 114 from 112. However, March’s figure was also down 3 days from February.

Of course, we always have to take bad with the good. So here’s the glass half empty. The month’s 57 new listings marked a 72.7% increase from the 33 one year ago. The Payne-Phelan neighborhood offered the most new inventory with 10 new listings. The Dayton’s Bluff neighborhood chipped in another 8, with Hamline-Midway finishing third with 7.

A thoroughly updated 8 bedroom, 6 bathroom fourplex in the Merriam Park/Lexington-Hamline neighborhood topped new inventory at a list price of $1,190,000. A North End 4 bedroom, 2 bathroom house conversion in need of cosmetics offered a cash-flow opportunity at $180,000.

Overall, St Paul had 108 acive listings for the month; an increase of 66.2% year over year. Increased inventory with a small but steady rate of sales contributed to a 7 month supply of inventory. That means if no new listings came on the market from today forward, it would take 7 months at our current rate of sales to be sold out of duplexes, triplexes and fourplexes.

Of course, the real estate market is all how you look at things. After all, if you’ve been waiting to find the right property to house hack or diversify your investment portfolio, you haven’t had this many choices or this much negotiationg power in years.

Give me a call. I’d be happy to help you find the right property to suit your needs.