Is Saint Louis County, 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 County has remained a Seller's Market.
Key Takeaway
Saint Louis County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Louis County, MO
How much do homes in Saint Louis County, MO cost?
Median Sold Price
$241,416
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Saint Louis County have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in Saint Louis County was $241,416 in March 2024, down 0.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $96K | +1.1% |
| 2 Bedrooms | $159.4K | $159.9K | 0.4% |
| 3 Bedrooms | $230.3K | $226.4K | -1.7% |
| 4 Bedrooms | $420K | $426.4K | +1.5% |
| 5+ Bedrooms | $700.6K | $778.2K | +11.1% |
Summary: Saint Louis County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Counties
| Monroe County | $285K | $309.3K | +8.5% |
| Saint Charles County | $317.9K | $335.7K | +5.6% |
| Saint Clair County | $189.8K | $199.4K | +5.0% |
| Saint Louis County | $243.5K | $241.4K | -0.9% |
Housing Supply in Saint Louis County, MO
How many homes are available in Saint Louis County, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,893 | 3,102 | +7.2% |
Summary: The Saint Louis County real estate market had 3,102 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 56 | 53 | -5.4% |
| 2 Bedrooms | 756 | 820 | +8.5% |
| 3 Bedrooms | 1,319 | 1,388 | +5.2% |
| 4 Bedrooms | 578 | 640 | +10.7% |
| 5+ Bedrooms | 184 | 201 | +9.2% |
Summary: The Saint Louis County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 9.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 881 | 970 | +10.1% |
Asking Price vs. Sold Price
356 Homes Were Sold
Under Asking
163 Homes Were Sold
At Asking
437 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Louis County, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.
Summary: A total of 970 homes were sold or pending in Saint Louis County in March 2024, up by 10.1% month-over-month. Of the 956 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.
Days on Market for Saint Louis County, MO
How long does it take to sell a home in Saint Louis County, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 29 Days | -14.8% |
Summary: Homes in Saint Louis County had an average of 29 days on market in Mar 2024, down by 14.8% compared to last year.
Breakdown of Home Sale Times
666 Homes Were Sold
Under 30 Days
207 Homes Were Sold
In 30 - 90 Days
88 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Louis County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 970 homes were sold in Saint Louis County; 69% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.