By Sarah Fries | July 13, 2018 10:52 amUpdated July 13.
2018 08:07 pmBy Sarah Frys | July 14, 2018 06:51 amUpdated June 24.
2018 12:16 pmThe biggest price tag on a single-family home is always the most valuable one.
That’s the finding of a new analysis of the data from the Federal Reserve Bank of St. Louis.
The analysis, by the bank’s team of economists, looks at the prices of three-bedroom, two-bedroom and one-bedroom homes for each of the last three decades.
It finds that median prices of a home for sale in July were $7,500, $6,600 and $6 and a median of $7.75 million in July 2017.
That’s the highest price for a single home in July since the housing bubble burst in 2007.
It’s also the most expensive month ever for a home in St. Paul, Minnesota, where a single house sold for $3.2 million in June.
That is about three times the median price of a single family home in the St. Croix River area, which sits between Minneapolis and St. Charles.