Is Lake Saint Louis Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lake Saint Louis Township has remained a Seller's Market.
Key Takeaway
Lake Saint Louis Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lake Saint Louis Township, MO
How much do homes in Lake Saint Louis Township, MO cost?
Median Sold Price
$328,333
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lake Saint Louis Township have sold for 3% less than they did a year ago.
Summary: The median home sold price in Lake Saint Louis Township was $328,333 in April 2024, down 3% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $154.7K | $103K | -33.4% |
| 2 Bedrooms | $230K | $225K | -2.2% |
| 3 Bedrooms | $295K | $297.5K | +0.8% |
| 4 Bedrooms | $415K | $495K | +19.3% |
| 5+ Bedrooms | $588.5K | $550K | -6.5% |
Summary: Lake Saint Louis Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.4%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Cities
| O'Fallon | $323K | $349.9K | +8.3% |
| O Fallon | $325K | $345K | +6.2% |
| Dardenne Prairie | $419.9K | $440K | +4.8% |
| Lake Saint Louis | $369.9K | $360K | -2.7% |
| Lake Saint Louis Township | $338.3K | $328.3K | -3.0% |
Housing Supply in Lake Saint Louis Township, MO
How many homes are available in Lake Saint Louis Township, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 105 | 113 | +7.6% |
Summary: The Lake Saint Louis Township real estate market had 113 homes for sale in April 2024, a 7.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 22 | +37.5% |
| 3 Bedrooms | 52 | 47 | -9.6% |
| 4 Bedrooms | 29 | 36 | +24.1% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Lake Saint Louis Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 37.5%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 38 | 32 | -15.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lake Saint Louis Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Lake Saint Louis Township in April 2024, down by 15.8% month-over-month. Of the 32 sold homes, 22% were sold under asking, 28% were sold at asking, and 50% were sold over asking.
Days on Market for Lake Saint Louis Township, MO
How long does it take to sell a home in Lake Saint Louis Township, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +13.2% |
Summary: Homes in Lake Saint Louis Township had an average of 17 days on market in Apr 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lake Saint Louis Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in Lake Saint Louis Township; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.