Is Washington Ave. Loft District, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Washington Ave. Loft District is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Washington Ave. Loft District was a Seller's Market.

Key Takeaway

Washington Ave. Loft District 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 Washington Ave. Loft District, MO

How much do homes in Washington Ave. Loft District, MO cost?

Median Sold Price

$150,750

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$14,250(-8.6%)

Key Takeaway

Homes in Washington Ave. Loft District have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Washington Ave. Loft District was $150,750 in May 2024, down 8.6% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $125K$132K
+5.6%
2 $184K$158.4K
-13.9%
3 -$411.2K
N/A
4 $440K$500K
+13.6%
5+ --
N/A

Summary: Washington Ave. Loft District housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 13.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Central Corridor
+19.5%
Downtown Saint Louis
-4.8%
Washington Ave. Loft District
-8.6%
Downtown West Saint Louis
-10.0%

Housing Supply in Washington Ave. Loft District, MO

How many homes are available in Washington Ave. Loft District, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4959+20.4%

Summary: The Washington Ave. Loft District real estate market had 59 homes for sale in May 2024, a 20.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 1613
-18.8%
2 3245
+40.6%
3 11
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Washington Ave. Loft District housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.8%, 2 bedroom homes increased by 40.6%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Washington Ave. Loft District, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Washington Ave. Loft District in May 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.

Days on Market for Washington Ave. Loft District, MO

How long does it take to sell a home in Washington Ave. Loft District, MO?

Average Sale Time

May 2023May 2024CHANGE
93 Days71 Days-23.8%

Summary: Homes in Washington Ave. Loft District had an average of 71 days on market in May 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Washington Ave. Loft District are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 9 homes were sold in Washington Ave. Loft District; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 3 Days Ago

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