Payne-Phalen housing market, October 2025
Past report · Minneapolis Area REALTORS® Local Market Update · current as of November 7, 2025. See the newest report (September 2026)
- Median sale price$232K−10.8% vs. October 2024
- Homes sold19−38.7% vs. October 2024
- Days on market28October 2025
- Months of supply2.7end of October 2025
The short version
Payne-Phalen in October 2025
In October 2025, 19 homes sold in Payne-Phalen, against 31 in October 2024.
The median sale price was $232,000, down 10.8% from a year earlier, and homes spent 28 days on market, with sellers receiving 98.9% of their original list price.
The month ended with 52 homes for sale, 2.7 months of supply (a seller’s market by the usual measure).
Over the 12 months through October 2025, the median was $259,900 (up 8.3%) across 235 sales.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $260,000 |
| Nov 2024 | $239,950 |
| Dec 2024 | $259,000 |
| Jan 2025 | $270,000 |
| Feb 2025 | $210,000 |
| Mar 2025 | $259,950 |
| Apr 2025 | $285,000 |
| May 2025 | $250,000 |
| Jun 2025 | $280,000 |
| Jul 2025 | $267,500 |
| Aug 2025 | $265,000 |
| Sep 2025 | $243,000 |
| Oct 2025 | $232,000 |
All the numbers
Payne-Phalen, October 2025 vs. October 2024
| October 2025 | 12 months through October 2025 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $260,000 | $232,000 | −10.8% | $240,000 | $259,900 | +8.3% |
| Average sale price | $264,119 | $246,263 | −6.8% | $248,477 | $255,353 | +2.8% |
| Price per square foot | $178 | $186 | +4.3% | $178 | $176 | −1.5% |
| Closed sales | 31 | 19 | −38.7% | 252 | 235 | −6.7% |
| New listings | 31 | 37 | +19.4% | 315 | 305 | −3.2% |
| Days on market | 28 | 28 | 0.0% | 36 | 37 | +2.8% |
| % of original list price received | 101.2% | 98.9% | −2.3% | 100% | 99.5% | −0.5% |
| Homes for sale (end of month) | 43 | 52 | +20.9% | — | — | — |
| Months of supply | 2.1 | 2.7 | +28.6% | — | — | — |
| Twin Cities region, median price | $381,950 | $389,900 | +2.1% | $376,000 | $390,000 | +3.7% |
Source: Minneapolis Area REALTORS® Local Market Update, Payne-Phalen, October 2025. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of November 7, 2025. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Payne-Phalen in October 2025: questions
What was the median home price in Payne-Phalen, Saint Paul in October 2025?
$232,000, from 19 sales (down 10.8% from October 2024), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
How many homes sold in Payne-Phalen, Saint Paul in October 2025?
19, against 31 in October 2024. 37 new listings came on the market that month.
Was Payne-Phalen a buyer's or seller's market in October 2025?
Payne-Phalen ended October 2025 with 2.7 months of supply (52 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
Every month