Is Saint Louis, 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, Saint Louis has remained a Seller's Market.
Key Takeaway
Saint Louis is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Saint Louis, MO
How much do homes in Saint Louis, MO cost?
Median Sold Price
$217,587
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Saint Louis have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Saint Louis was $217,587 in April 2024, up 3.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $119.7K | $127K | +6.0% |
| 2 Bedrooms | $177.1K | $180.5K | +1.9% |
| 3 Bedrooms | $260.5K | $272.6K | +4.6% |
| 4 Bedrooms | $339.2K | $339.1K | 0% |
| 5+ Bedrooms | $412.5K | $430.4K | +4.3% |
Summary: Saint Louis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Pine Lawn | $43.5K | $46.5K | +6.9% |
| Saint Louis | $209.9K | $217.5K | +3.6% |
| University Township | $175K | $157.2K | -10.1% |
Housing Supply in Saint Louis, MO
How many homes are available in Saint Louis, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,052 | 1,185 | +12.6% |
Summary: The Saint Louis real estate market had 1,185 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 113 | 115 | +1.8% |
| 2 Bedrooms | 386 | 462 | +19.7% |
| 3 Bedrooms | 358 | 383 | +7.0% |
| 4 Bedrooms | 138 | 149 | +8.0% |
| 5+ Bedrooms | 57 | 76 | +33.3% |
Summary: The Saint Louis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 255 | 251 | -1.6% |
Asking Price vs. Sold Price
99 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
117 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Louis, you could pay more than the asking price. 46.6% of homes here sold above asking price last month.
Summary: A total of 251 homes were sold or pending in Saint Louis in April 2024, down by 1.6% month-over-month. Of the 251 sold homes, 39% were sold under asking, 14% were sold at asking, and 47% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -5.6% |
Summary: Homes in Saint Louis had an average of 35 days on market in Apr 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
171 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Saint Louis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 251 homes were sold in Saint Louis; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.