Market Intelligence · MN / St. Paul

St. Paul, MN 55123 Housing Market

The typical home value in Saint Paul 55123 is $468,651, up 1.3% over the past year. The median list price stands at $422,000, with homes typically spending 32 days on the market.

Updated September 2026Median value$469K

The median home value in St. Paul, MN 55123 is $469K as of September 2026, up 1.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 55123 range

$431K to $506K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.3% over 12 months

Sep 2025$463K

Low $463KHigh $469K

Sep 2026$469K

The numbers

What is the 55123 housing market like?

As of September 2026

Typical home value

$469K

1.3%YoY

Median list price

$422K

9.2%MoM

Days on market

20.0%MoM

Homes for sale

16.9%MoM

Price cuts

27.7%

7.4%MoM

New listings

7.1%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

55123 housing market forecast 2027

+1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55123 to rise 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 55123 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 55123?

Zillow's forecast does not call for a drop: it expects typical home values in 55123 to rise 1.2% by September 2027, after a 1.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 55123 home prices compare?

55123$468,651
Saint Paul$365,126
Minnesota$298,219
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Saint Paul: 29 ZIPs; Minnesota: 716 ZIPs; United States: 26,262 ZIPs).

Context

Saint Paul 55123 has 69 homes for sale as of September 2026, with 30 new listings entering the market recently. The median days on market of 32 suggests a moderate pace. About 27.7% of listings have seen a price reduction, indicating some sellers are adjusting to market conditions. While the typical home value has gained ground this year, the price-cut activity signals that pricing decisions matter for anyone considering a sale.

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Down payment20% · $93,730

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Common questions

What people ask us.

What is a typical home value in 55123?

The typical home value in Saint Paul 55123 is $468,651, which has increased 1.3% over the past year.

How long do homes stay on the market here?

Homes typically spend 32 days on the market in this ZIP code.

How many homes are currently for sale in 55123?

There are 69 homes for sale as of September 2026, with 30 new listings added recently.

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