The Payne-Phalen housing market is very competitive. The median sale price of a home in Payne-Phalen was $224K last month, down 3.8% since last year. The median sale price per square foot in Payne-Phalen is $166, up 21.6% since last year.
What is the housing market like in Payne-Phalen today?
In March 2024, Payne-Phalen home prices were down 3.8% compared to last year, selling for a median price of $224K. On average, homes in Payne-Phalen sell after 34 days on the market compared to 42 days last year. There were 61 homes sold in March this year, down from 72 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$224,326
-3.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Payne-Phalen, MN
$224,326
-3.8%
United States
To compare other locations to the Payne-Phalen and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in St. Paul add value to a home.
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How hot is the Payne-Phalen housing market?
Payne-Phalen is very competitive. Homes sell in 25 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 25 days.
Hot homes
can sell for about 5% above list price and go pending in around 9 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
6/10
Phalen Lake Hmong Studies Magnet
Public • PreK-6 • Choice school
651
Students
1 reviews
4/10
Farnsworth Aerospace Lower
Public • PreK-4 • Choice school
479
Students
8 reviews
2/10
Mississippi Magnet Elementary School
Public • PreK-5 • Choice school
619
Students
3 reviews
2/10
Farnsworth Aerospace Upper
Public • 5-8
643
Students
4 reviews
2/10
Bruce F Vento Elementary School
Public • PreK-5
514
Students
4 reviews
Only showing 5 of
8 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Payne-Phalen housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Payne-Phalen.
Risk Factor
Flood Factor - Moderate
9% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Payne-Phalen has a moderate risk of flooding. 314 properties in Payne-Phalen are likely to be
severely affected
by flooding over the next 30 years. This represents 9% of all properties in Payne-Phalen. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Payne-Phalen has a minor risk of wildfire. There are 27 properties in Payne-Phalen that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Payne-Phalen.
Payne-Phalen has minimal risk of severe winds over the next 30 years
Wind Factor
Payne-Phalen has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.