Is Downtown Saint Louis, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown Saint Louis was a Seller's Market.
Key Takeaway
Downtown Saint Louis is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Downtown Saint Louis, MO
How much do homes in Downtown Saint Louis, MO cost?
Median Sold Price
$163,450
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown Saint Louis have sold for 6.6% less than they did a year ago.
Summary: The median home sold price in Downtown Saint Louis was $163,450 in April 2024, down 6.6% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144.9K | $152.5K | +5.2% |
| 2 Bedrooms | $185K | $173K | -6.5% |
| 3 Bedrooms | $543.5K | $282.5K | -48.0% |
| 4 Bedrooms | $440K | $500K | +13.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown Saint Louis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 48%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Ave. Loft District | $163K | $155K | -4.9% |
| Downtown Saint Louis | $175K | $163.4K | -6.6% |
| Downtown West Saint Louis | $147.7K | $130K | -12.0% |
Housing Supply in Downtown Saint Louis, MO
How many homes are available in Downtown Saint Louis, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Summary: The Downtown Saint Louis real estate market had 33 homes for sale in April 2024, a 13.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 11 | -15.4% |
| 2 Bedrooms | 22 | 18 | -18.2% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Saint Louis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 5 | -37.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Saint Louis, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Downtown Saint Louis in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Downtown Saint Louis, MO
How long does it take to sell a home in Downtown Saint Louis, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 191 Days | 45 Days | -76.1% |
Summary: Homes in Downtown Saint Louis had an average of 45 days on market in Apr 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Downtown Saint Louis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Downtown Saint Louis; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.