Is Saint Louis, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Saint Louis was a Buyer's Market.
Key Takeaway
Saint Louis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Louis, MI
How much do homes in Saint Louis, MI cost?
Median Sold Price
$131,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saint Louis have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Saint Louis was $131,000 in March 2024, up 11.1% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $62K | $115K | +85.5% |
| 3 Bedrooms | $121K | $139.5K | +15.3% |
| 4 Bedrooms | $129.9K | $132K | +1.6% |
| 5+ Bedrooms | - | $334.9K | N/A |
Summary: Saint Louis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 85.5%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes did not change.
Housing Supply in Saint Louis, MI
How many homes are available in Saint Louis, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Summary: The Saint Louis real estate market had 20 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Saint Louis housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Louis, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in Saint Louis in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Saint Louis, MI
How long does it take to sell a home in Saint Louis, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 64 Days | 46 Days | -27.7% |
Summary: Homes in Saint Louis had an average of 46 days on market in Mar 2024, down by 27.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Saint Louis has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Saint Louis; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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