Is Lake Saint Louis, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lake Saint Louis has remained a Seller's Market.
Housing Prices in Lake Saint Louis, MO
How much do homes in Lake Saint Louis, MO cost?
Median Sold Price
$360,500
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lake Saint Louis was $360,500 in May 2024, up 0.4% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $154.7K | $103K | -33.4% |
2 Bedrooms | $230K | $187K | -18.7% |
3 Bedrooms | $325K | $319.9K | -1.6% |
4 Bedrooms | $470K | $497.5K | +5.9% |
5+ Bedrooms | $695K | $617K | -11.2% |
Summary: Lake Saint Louis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.4%, 2 bedroom homes decreased by 18.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 11.2%.
Median Sold Price Compared To Nearby Cities
Dardenne Prairie | $413.7K | $450K | +8.8% |
O'Fallon | $324.1K | $350K | +8.0% |
Boone Township | $397.9K | $410.8K | +3.2% |
Lake Saint Louis Township | $329.5K | $335K | +1.7% |
Lake Saint Louis | $359K | $360.5K | 0.4% |
Housing Supply in Lake Saint Louis, MO
How many homes are available in Lake Saint Louis, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 76 | +24.6% |
Summary: The Lake Saint Louis real estate market had 76 homes for sale in May 2024, a 24.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 17 | +13.3% |
3 Bedrooms | 20 | 26 | +30.0% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Lake Saint Louis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Lake Saint Louis in May 2024, up by 61.5% month-over-month. Of the 21 sold homes, 43% were sold under asking, 24% were sold at asking, and 33% were sold over asking.
Days on Market for Lake Saint Louis, MO
How long does it take to sell a home in Lake Saint Louis, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 22 Days | +28.3% |
Summary: Homes in Lake Saint Louis had an average of 22 days on market in May 2024, up by 28.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Lake Saint Louis; 81% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.