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659 Cimarron Unit 659, Lake Elmo, MN 55042
Jessica Jessen Cimarron Park and Golf
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Why Live in Prosperity Heights
Prosperity Heights is a neighborhood in St. Paul’s Greater East Side, one of the Twin City’s most diverse and populous districts. Residential streets point toward the namesake park at the heart of the neighborhood, and residents are within a mile of outdoor recreation and community events at Phalen Regional Park. Four miles away, downtown St. Paul hums with activity. “Phalen Lake is probably the biggest draw for that area,” says Paul Ekstrom, broker and owner of Realty One Group. Lower-than-average home prices offer another incentive to first-time homebuyers and investors. Most area residents are renters, and several apartment buildings surround Prosperity Heights Park. Meanwhile, single-family homes sit on tidy pocket-sized yards bordered by paved sidewalks and rows of mature trees. Some properties have driveways, but cars are often parked on the street. Condos and small starter homes make up the bulk of sales, though it’s rare for properties to appear on the market. “That’s a better investor neighborhood,” says Ekstrom, who’s been selling in the region since 2006. “It’s an affordable price range, so it’s very attractive for that.” Recently, condos sold for $100,000 to $150,000,
Home Trends in Prosperity Heights, MN
On average, homes in Prosperity Heights, Saint Paul sell after 42 days on the market compared to the national average of 51 days. The median sale price for homes in Prosperity Heights, Saint Paul over the last 12 months is $280,000, up 10% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$280,000
Median Single Family Sale Price
$285,000
Average Price Per Sq Ft
$187
Number of Homes for Sale
6
Last 12 months Home Sales
33
Months of Supply
2.20
Median List Price
$285,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
10%
Prosperity Heights Types of Homes for Sale
More About Living in Prosperity Heights
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