Is Lake Saint Louis, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lake Saint Louis is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Lake Saint Louis has remained a Seller's Market.

Key Takeaway

Lake Saint Louis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$8,333(+2.3%)

Key Takeaway

Homes in Lake Saint Louis have sold for 2.3% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $127.3K$103K
-19.1%
2 $230K$240K
+4.3%
3 $329K$309.9K
-5.8%
4 $439K$500.1K
+13.9%
5+ $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
+7.4%
Dardenne Prairie
+3.5%
Lake Saint Louis
+2.3%
Boone Township
+1.4%
Lake Saint Louis Township
+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 2024Feb 2024CHANGE
5559+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

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 812
+50.0%
3 2426
+8.3%
4 1616
0.0%
5+ 65
-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 2024Feb 2024CHANGE
1425+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lake Saint Louis, you could pay more than the asking price. 44% of homes here sold above asking price last month.

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 2023Feb 2024CHANGE
37 Days51 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lake Saint Louis are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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