Saint Cloud, MN 56304

That's the average rate borrowers locked on October 22, 2026, from Optimal Blue's index of actual rate locks. On the median-priced home here, $303,000 with 10% down, it comes to $1,860 a month in principal and interest.

The typical home here costs $107 a month less than it did a year ago.

A year ago the median list price was about $358,000 and the 30-year rate was 6.17%: $1,967 a month with 10% down. Now it's $303,000 at 7.25%: $1,860.

Put the other way, last year's $1,967 a month buys about a $320,000 home at the latest rate.

On a typical day in September, 51 homes were for sale: 17% more than in August and 44% more than a year ago. During the month 20 new listings came on, and on a typical day 12 homes were under contract.

Homes spent a median of 47 days on the market, 2 days shorter than a year ago. Sellers cut the price on 12% of listings, down 12 points from a year ago. The median list price was $303,000, or $152 a square foot: down 6.8% from August and down 15% from a year ago.

Balanced market. Judged on 23 homes under contract for every 100 for sale, 47 days on the market and price cuts on 12% of listings.

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