Is Saint Louis, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$218,007
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saint Louis was $218,007 in May 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $120K | $126K | +5.0% |
2 Bedrooms | $177.2K | $183.7K | +3.7% |
3 Bedrooms | $260.7K | $272.6K | +4.6% |
4 Bedrooms | $335K | $340.5K | +1.6% |
5+ Bedrooms | $412.5K | $405.9K | -1.6% |
Summary: Saint Louis housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Pine Lawn | $43K | $48.5K | +12.9% |
Hillsdale | $33.5K | $37K | +10.4% |
Saint Louis | $209.6K | $218K | +4.0% |
University Township | $174.9K | $165K | -5.7% |
Housing Supply in Saint Louis, MO
How many homes are available in Saint Louis, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,137 | 1,285 | +13.0% |
Summary: The Saint Louis real estate market had 1,285 homes for sale in May 2024, a 13.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 111 | 121 | +9.0% |
2 Bedrooms | 452 | 524 | +15.9% |
3 Bedrooms | 361 | 392 | +8.6% |
4 Bedrooms | 140 | 164 | +17.1% |
5+ Bedrooms | 73 | 84 | +15.1% |
Summary: The Saint Louis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
269 | 314 | +16.7% |
Asking Price vs. Sold Price
115 Homes Were Sold
Under Asking
52 Homes Were Sold
At Asking
147 Homes Were Sold
Over Asking
Summary: A total of 314 homes were sold or pending in Saint Louis in May 2024, up by 16.7% month-over-month. Of the 314 sold homes, 37% were sold under asking, 17% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 34 Days | +9.0% |
Summary: Homes in Saint Louis had an average of 34 days on market in May 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
205 Homes Were Sold
Under 30 Days
72 Homes Were Sold
In 30 - 90 Days
35 Homes Were Sold
Over 90 Days
Summary: During May 2024, 314 homes were sold in Saint Louis; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.