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St Louis Home Prices Increased Four Percent In Past Year on Fewer Sales

St Louis Home Prices rose 4 percent from May 2013’s median sales price of $150,000 to May 2014’s median price of $156,000 for the 5-county core St Louis housing market which consists of the City of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin, according to the latest data released by MORE, REALTORS.   As the table below shows, the city of St Louis saw the biggest gain in median home prices with the median sales price increasing over 27% from May 2013 to May 2014.

St Louis Home Sales are still lagging a little behind last year with 3,133 homes sold in the St Louis 5-county core market in May 2014, a decrease of 3.3% from May 2013 when there were 3,239 homes sold.  As the table below shows, Jefferson county fared the best in this area with an increase of over 9% in home sales in May 2014 from May 2013.

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St Louis Home Sales May 2014 - St Louis Home Prices May 2014

Source: MORE, REALTORS

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