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Featured local agent — St. Marys Point, MN
Sarah Mitchell
Compass Real Estate · St. Marys Point, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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St. Marys Point, MN Housing Market
The last median sale price Redfin published was $410,000 (through May 2026). With homes going under contract in about 3 days, St. Marys Point is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $410,000 home is about $2,189/mo in principal and interest.
Key numbers for St. Marys Point, MN
Median sale price
$410,000
Last published period
Redfin, through May 2026
Days on market
3
Fast-moving
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$106,250
Home costs 3.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through May 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is St. Marys Point a buyer's or seller's market?
St. Marys Point, MN is a balanced market and homes selling in about 3 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the St. Marys Point housing market data show?
Every row below is Redfin's final published month for St. Marys Point, MN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $410,000 |
| Median list price | $550,000 |
| Median price per sq ft | $241/sq ft |
| Median days on market | 3 days |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for St. Marys Point is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in St. Marys Point is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have St. Marys Point home prices moved?
Across the 15 months we hold for St. Marys Point, MN, the median sale price fell 56.8%, from $950,000 in June 2021 to $410,000.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in St. Marys Point?
Priced off the median sale price of $410,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $82,000 | $328,000 | $2,189/mo |
| 5% | $20,500 | $389,500 | $2,599/mo |
Redfin, through May 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,189, that implies roughly $93,806 a year before you add taxes and insurance. The median household in St. Marys Point earns $106,250, about $12,444 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.9x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in St. Marys Point in the next 12 months?
Tell us your timeline. We send the St. Marys Point market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in St. Marys Point?
Zillow does not publish a rent index (ZORI) for St. Marys Point, MN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in St. Marys Point?
Active listings in St. Marys Point, MN went from 1 in June 2021 to 2 in March 2025, a +100.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2021 | 1 | 2 |
| July 2021 | 1 | 1 |
| August 2021 | 1 | not published |
| September 2021 | 1 | 1 |
| October 2021 | 1 | 1 |
| June 2022 | 1 | 1 |
| September 2024 | 2 | 1 |
| October 2024 | 2 | not published |
| March 2025 | 2 | 1 |
Redfin, through March 2025
How does St. Marys Point compare to Minnesota and the U.S.?
St. Marys Point homes sell for $410,000 — 10% above the Minnesota median of $372,300. Against the national median of $410,700, St. Marys Point runs 0% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| St. Marys Point, MN | $410,000 | not published | 3 days |
| Minnesota statewide | $372,300 | +1.3% | 25 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in St. Marys Point
What buyers should watch
- The gap between 5% and 20% down here is $410 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $410,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median St. Marys Point listing goes under contract in 3 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- In the last published month St. Marys Point added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside St. Marys Point varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in St. Marys Point
Explore homes currently listed for sale in St. Marys Point, Minnesota across major real estate platforms.
How much do homes cost in St. Marys Point by property type?
How the St. Marys Point, MN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $410,000 | $241/sq ft | 1 | 3 days |
Who lives in St. Marys Point?
American Community Survey estimates for St. Marys Point. U.S. Census ACS, 2023
Population
484
Households
176
Median income
$106,250/yr
Median age
43.8 years
Owner-occupied
88.6%
Median home value
$471,400
Median gross rent
$1,636/mo
Mean commute
26.2 min
88.6% of occupied homes in St. Marys Point are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near St. Marys Point, MN?
Ordered by distance from St. Marys Point, not by size. Compare St. Marys Point side by side with any of them.
St. Marys Point housing market FAQ
Is St. Marys Point a buyer's or seller's market?
St. Marys Point, MN is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in St. Marys Point?
The median sale price in the last month Redfin published was $410,000, about $241 per square foot.
Is St. Marys Point cheaper than the rest of Minnesota?
St. Marys Point's median sale price of $410,000 is 10% higher than the Minnesota statewide median of $372,300, and 0% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in St. Marys Point?
Homes in St. Marys Point, MN spent a median of 3 days on market before going under contract, versus 25 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in St. Marys Point?
At the current 30-year fixed rate of 7.03%, 20% down on a $410,000 home is about $2,189 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $93,806 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $106,250.
Are home prices rising in St. Marys Point?
We do not hold a complete 12-month value series for St. Marys Point, MN yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in St. Marys Point?
St. Marys Point ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in St. Marys Point?
That depends on your timeline, not on a headline. What the data says today: St. Marys Point, MN is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $410,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.