Is Saint Louis, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Saint Louis has remained a Seller's Market.
Housing Prices in Saint Louis, MO
How much do homes in Saint Louis, MO cost?
Median Sold Price
$216,971
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Saint Louis was $216,971 in March 2024, up 5.3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $124.9K | +4.1% |
2 Bedrooms | $177K | $181.2K | +2.3% |
3 Bedrooms | $259K | $274.7K | +6.1% |
4 Bedrooms | $341.8K | $334.5K | -2.1% |
5+ Bedrooms | $400K | $462.5K | +15.6% |
Summary: Saint Louis housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 2.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 15.6%.
Median Sold Price Compared To Nearby Cities
Pine Lawn | $36K | $45K | +25.0% |
Saint Louis | $206K | $216.9K | +5.3% |
University Township | $174.5K | $158.2K | -9.4% |
Housing Supply in Saint Louis, MO
How many homes are available in Saint Louis, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
950 | 1,075 | +13.2% |
Summary: The Saint Louis real estate market had 1,075 homes for sale in March 2024, a 13.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 95 | 116 | +22.1% |
2 Bedrooms | 347 | 411 | +18.4% |
3 Bedrooms | 322 | 348 | +8.1% |
4 Bedrooms | 131 | 139 | +6.1% |
5+ Bedrooms | 55 | 61 | +10.9% |
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 22.1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 10.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
226 | 232 | +2.7% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
44 Homes Were Sold
At Asking
82 Homes Were Sold
Over Asking
Summary: A total of 232 homes were sold or pending in Saint Louis in March 2024, up by 2.7% month-over-month. Of the 232 sold homes, 46% were sold under asking, 19% were sold at asking, and 35% were sold over asking.
Days on Market for Saint Louis, MO
How long does it take to sell a home in Saint Louis, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 42 Days | +21.1% |
Summary: Homes in Saint Louis had an average of 42 days on market in Mar 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
141 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Summary: During March 2024, 232 homes were sold in Saint Louis; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.