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 February 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
$371,666
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lake Saint Louis was $371,666 in February 2024, up 2.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $127.3K | $103K | -19.1% |
2 Bedrooms | $230K | $240K | +4.3% |
3 Bedrooms | $329K | $309.9K | -5.8% |
4 Bedrooms | $439K | $500.1K | +13.9% |
5+ Bedrooms | $627.5K | $620K | -1.2% |
Summary: Lake Saint Louis housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 1.2%.
Median Sold Price Compared To Nearby Cities
O'Fallon | $317.2K | $340.8K | +7.4% |
Dardenne Prairie | $425K | $440K | +3.5% |
Lake Saint Louis | $363.3K | $371.6K | +2.3% |
Boone Township | $401.8K | $407.2K | +1.4% |
Lake Saint Louis Township | $326.4K | $330K | +1.1% |
Housing Supply in Lake Saint Louis, MO
How many homes are available in Lake Saint Louis, MO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 59 | +7.3% |
Summary: The Lake Saint Louis real estate market had 59 homes for sale in February 2024, a 7.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 24 | 26 | +8.3% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lake Saint Louis housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
14 | 25 | +78.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Lake Saint Louis in February 2024, up by 78.6% month-over-month. Of the 25 sold homes, 40% were sold under asking, 16% were sold at asking, and 44% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
37 Days | 51 Days | +40.2% |
Summary: Homes in Lake Saint Louis had an average of 51 days on market in Feb 2024, up by 40.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 25 homes were sold in Lake Saint Louis; 56% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.