Subscribe to our mailing list

* indicates required Email Address * First Name Last Name Opt-In Date Location

St. Louis Real Estate Search

 

Home Sales and Prices Continue Upward Trend Throughout St Louis Area

For the 12-month period ending July 31, 2017, as the table below shows, there were 36,741 homes sold in the St Louis MSA an increase in home sales of 13.35% from the prior 12-month period. The median price of homes sold in the St Louis MSA during the past 12 months was $170,000, an […]

St Louis Real Estate Market Update VIDEO – August 2017

The St Louis real estate market continues to be strong… Get the latest information on St Louis area home prices, sales and the market, as well as why this information is important and even a quick example of how we use this type of information to help our clients, in our just released market […]

Should You Offer A Selling Agent Bonus When Selling Your Home?

This is another one of those topics where there are plenty of varying opinions however, for the sake of this article I’m going to take a look at it from purely a data-driven standpoint which, perhaps, is a little more objective approach. While it’s not that common, especially in a sellers market like a […]

St Clair County Illinois Real Estate Market Outperforming Madison County Illinois Market






The Mississippi river clearly defines the Missouri/Illinois state line in fact it does so much so that it is often easy to forget that nearly half (8 of 17) of the counties that make up the St Louis MSA are located in Illinois. Granted, many of these are smaller counties, in fact Illinois has 6 of the 8 smallest counties (by population) in the St Louis MSA, however, Madison County and St Clair County, both with roughly 260,000 people, are the 4th and 5th (respectively) largest counties in the St Louis MSA. […]

St Louis Home Prices And Sales Increase From A Year Ago






For the 12-month period ending June 20, 2017, as the table below shows, there were 36,447 homes sold in the St Louis MSA an increase of 2.08% from the prior 12-month period. The median price of homes sold in the St Louis MSA during the past 12 months was $169,000, an increase of 4.0% from the prior 12 month period. […]

The Importance Of Accurate St Louis Home Price Data for Sellers and Buyers- Prices Down 19%?? Or Up 8%??






Yes, I often harp on the importance of having accurate information when it comes to the St Louis real estate market and, admittedly, am a data nerd, however, considering that a home sale or purchase is generally one of, if not the, largest financial transactions a person makes, I think it’s worth the effort to get it right. This is why at our company, MORE, REALTORS, we have spent thousands and dollars and thousands of hours of work over the course of several years to develop software for our agents, and clients, that provides what we feel is the most accurate and relevant information out there when it comes to St Louis home prices and sales information. […]

St Louis Real Estate Market Update VIDEO – July 2017






Home prices are cooling slightly as we transition from the spring market to the summer market… Every year we see home prices reach their peak in the spring market which, depending on weather, the economy as well as other things, could be May or June typically, and then fall slightly as we go into the summer months. This year is no different and we are seeing the normal seasonal change in home prices but St Louis continues to have a strong real estate market and continues to favor sellers for the most part. […]

Is There a Connection Between St Louis Population Shift and Home Prices?






Below is a 10-year chart, showing the median price per foot (one of the most accurate ways to look at home prices) for each of the 5-counties that make up the St Louis core-market. As the chart reveals, there doesn’t necessarily seem to be any correlation between home appreciation and population shift. Below is a quick analysis: […]

City of St Louis Has Best Home Affordability In St Louis Area






It’s good when the value of your home increases, right? Yes, generally, most homeowners, look at their homes as an investment in addition to shelter for their families so they are generally happy to see the value of their investment increase. The flip side of it is, homebuyers, particularly first-time buyers, would, of course, like to see lower prices and better value in the home they buy. The thing that helps balance out these competing interests is inflation, but more specifically, the rate of income growth. […]

The Importance Of Accurate Home Price Data And The Danger Of Bad Data






Ok, I’ll admit it, I know I’m sort of a big data nerd and not everyone is, so I may be in the minority when it comes to the attention I give, and time I devote, to market data, stats, trends and the like. However, while not everyone wants to study this stuff, anyone in the market to buy or sell real estate either needs to be up to date on what is going on in the market in terms of price (and the other stuff I mentioned) or be represented by a real estate agent that is. Otherwise, without this information or, worse yet, with bad information, home buyers and sellers can make some really bad decisions. […]

St Louis Home Sales and Home Prices Are Both Up Over 5 Percent From A Year Ago






St Louis continues to enjoy a pretty robust real estate market, albeit it a challenging one for buyers due to the low inventory of homes for sale in most areas, with St Louis home sales, during the past 12 months, up over 5 percent from the prior 12-month period and St Louis home prices up over 5 percent for the same period as well. […]

St Louis Home Sales Fall Slightly in May From Year Ago – Prices Up






There were 2,707 homes sold during May within the St Louis 5-county core market down slightly from May 2016 when there were 2,736 homes sold according to the latest data from MORE, REALTORS (see chart below). The median price of homes sold in the St Louis core market during May 2017 was $125 per square foot, an increase of 2.5% from May 2016 when the median price of homes sold in the St Louis core market was $122 per square foot. […]

Is It Better To Invest In a Luxury Home In St Louis County or City?

From the outset I need to admit that this is probably a pointless article as the mindset of someone that would want to buy a luxury home ($750,000+) in St Louis County is quite different than someone that would want to buy one in the city of St Louis, and vice versa, so neither […]

What Is The Value of a Garage?






Of the 6,137 homes that were sold in St Charles county during the past 12 months, 5,839 (95%) of them had a garage. Nearly 68 percent of the homes sold with a garage in St Charles county had a 2-car garage, nearly 24 percent a 3 car garage or larger and just 8.5 percent had a one-car garage. So, if you are a St Charles county homeowner with a one-car garage, how much can you expect to be impacted price-wise when you sell? Of, if you are a buyer, looking at a home in St Charles county with a one-car garage, how much should you discount what you pay for it versus a similar home with a 2-car garage? […]

St Louis Real Estate Market Update VIDEO – May 2017

The St Louis market continues to be hot although there is a little downward pressure on pricing. This month, as the video below shows, the St Louis real estate market continues to be low on competition and favoring sellers although the home buyers out there are savvy and are not reacting to over-priced listings. […]

St Louis Spring Real Estate Market Snapshot






We are about half way through the spring real estate market in St Louis, normally the most active time of the year for the St Louis real estate industry, and, thus far, the 2017 spring market is shaping up pretty good! As our chart below illustrates, there were 4,582 homes sold in the 5-county core St Louis market during March and April of this year, an increase of 2.4% from last year when there were 4,473 homes sold and the median price per foot of those homes sold was $126 per foot in April, an increase of 6.8 percent from April 2016 when the median price per foot was $118. […]

Why Pricing Your Home Accurately From The Start Is A Must For Sellers






Even in a hot real estate market like we have today, it is still important for sellers to price their homes accurately from the start. If you are a homeowner thinking about selling, it is easy to fall into the trap of thinking you can get away with over pricing your home as buyers are desperate, but that is just not so. Don’t get me wrong, you should be able to sell your home for every dollar that it is worth, and perhaps even a tad more, but only if your home is priced and marketed accurately from the start. […]

St Charles County Home and Condo Prices Have Outperformed St Louis County Over Past 10 Years






The median price per square foot of homes sold in St Louis County have increased 3.5% over the past 10 years, from $116 per foot in 2007 to $120 per foot currently. As the chart below illustrates, home prices dipped to a low of $90 per foot in 2011, a result of the housing bubble burst in 2008. During the same period, the price per foot of homes sold in St Charles County increased 5.1% from $117 per foot in 2007 to $123 per foot currently. Like St Louis County, St Charles County saw home prices bottom out in 2011, hitting a low of $95 per foot. […]

St Louis Home Sales Increase in March






As the chart below shows, there were 2,880 homes sold last month within the 5-county core St Louis market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) an increase of 6.5% from March 2016 when there were 2,705 homes sold. […]

How Much More Do Home Prices Increase In Better Neighborhoods Than The Rest?






Yesterday, I did a post on the 10 St Louis neighborhoods that made it in the Niche list of “100 Best Places to Live In America”. This prompted a question as to how much better price appreciation have home owners seen in these neighborhoods as a result of the features they have that make them the “best places to live” verses the normal appreciation for the area? Since it just so happens that all ten of the neighborhoods that made the list are in St Louis county, I decided to pull a chart to compare the median price per foot (the most accurate way to compare home prices) of homes sold in the top ten neighborhoods versus St Louis County as a whole. As the chart below illustrates, here is what I found when I looked at home prices from January 1, 2012 (around the bottom of the market after the housing bubble burst in 2008) through the end of 2016: […]

St Louis Real Estate Market Update VIDEO – April 2017






The supply of homes for sale continues to be a major impediment to the St Louis real estate market! This month, as the video below shows, every county in the St Louis core market area has seen the inventory of homes for sale (in terms of months of supply) decline from last month and last month was already low! In spite of the low, low inventory, home prices have remained reasonable and, in fact, we are seeing a little bit of a downward trend price-wise in some areas. With these things in mind, along with the fact that interest rates are sure to go up, there’s no better time to buy or sell than now! […]

Home Affordability In St Louis Declining With Increasing Home Prices – Will Home Prices Suffer?






It seems almost crazy to even throw out the idea of an adjustment in St Louis home prices or, perhaps even, any sort of slow down in the rate of home price appreciation given that the inventory of homes for sale is so low in so many parts of the St Louis area, however, maybe it’s something to look at. […]

St Louis Home Prices Increase Over 5 Percent In Past 12 Months; Sales up over 7 percent






The median price of homes sold in the St Louis core housing market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) was $179,900 for the past 12 months, an increase of 5.2% from the prior 12 month period when the median price of St Louis homes sold was $171,000. […]

St Louis Real Estate Market Update VIDEO – March 2017






There just aren’t enough homes for sale in many price ranges! This month, like many months before, you will see that all five counties in the St Louis core market (city of St Louis and the counties of St Louis, St Charles, Jefferson and Franklin) all have less than a 6 month supply of homes for sale (a few less than half of that), so it remains a sellers market in many areas! While the market is doing well, you will notice the trend over the past 24 months, as I describe in the video is down a little in terms of number of homes sales which is due simply the lack of homes available for sale. There doesn’t appear to be a shortage of buyers at this point, just a shortage of sellers. […]

Midwest Home Builders Optimism About New Home Market Hits Record High in March






Happy home builders? Wow, I remember those days, back before the real estate bubble and market collapse, boy were those the days! Well, the good news is, while builders still have their challenges, according to the latest survey by the National Association of Home Builders, builders in the Midwest are more optimistic about the new home market than they have ever been! (or, at least since the beginning of the regional level index records that are published). […]

Moderate Priced Homes In St Louis Out Perform Luxury Home Sales






St Louis is known as an affordable place to live so it is not surprising that there is a fairly robust housing market for affordable and moderate priced homes. When it comes to luxury homes in St Louis however ($500,000 and above for the sake of discussion here), the market is much cooler. […]

St Louis Real Estate Market Off To A Good Start For 2017






Last year was a good year for the St Louis real estate market and, thus far, 2017 is off to a pretty good start in St Louis as well! As the chart and tables below illustrates, home prices in the St Louis area have been trending upward over the past couple of years and sales are holding pretty steady. […]

Are Ranch Style Homes A Better Investment?

The ranch-style home has been around a long time with it’s origin going back to 1920’s but this style of home became extremely popular in the 1940’s carrying through the 1970’s. Ranch-style homes are normally much wider than deep and feature open floor plans with a casual style. Over time, as incomes increased, as […]

Top Ten Buyers Markets In St Louis






While the bulk of the St Louis area spent most of the past year as a sellers market, real estate is very local and very seasonal, so there are still neighborhoods where buyers markets exist! So where are the buyers markets? Well, they are a constantly moving target due to the fluctuations I just mentioned, however, currently, as the list below illustrates, […]

Franklin County Has Largest Increase In Both Median Home Prices And Sales In Past 12 Months






The median price of homes sold in Franklin County during the most recent 12 months was $146,000, an increase of 9.57% from the prior 12 month period when the median price was $133,250 marking the highest year over year increase of any of the St Louis area counties. […]