Subscribe to our mailing list

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

St. Louis Real Estate Search

 

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?

To address these questions, I went to our STL Market Charts  to pull data from our MLS database for home sold in St Charles county in the past 12 months to see how, on a price per foot basis, the price varies based upon garage size.  For the sake of this discussion, and to keep it to an “apples to apples” comparison the best I could, I pulled data for 3 bedroom homes in St Charles county, listed at $150,000 – $250,000 and sold within the past 12 months.

As the tables below illustrate, the 1,506 homes sold with 2-car garages sold for a median price of $122 per square foot and the 48 homes that sold with 1-car garages sold for a median price of $120.41 per square foot or about 1.3% less than it’s 2-car counterpart.   Naturally, this will vary by price range and area, but for the typical 3 bedroom St Charles county home, it appears a 2-car garage is worth about $1.60 per square foot, or about 1.3%, more than a similar home with a one-car garage.

(We work hard on this and sure would appreciate a “Like”)

Search St Louis Homes For Sale HERE
See ALL St Charles Homes For Sale

See ALL St Charles County Open Houses Scheduled For This Weekend
Find The Value Of Your St Charles County Home (or any other) In Under A Minute!

St Charles County 3 Bedroom Homes Sold with 2-Car Garage ($150k-$250k list price)

St Charles County 3 Bedroom Homes Sold with 2-Car Garage ($150k-$250k list price)

St Charles County 3 Bedroom Homes Sold with 1-Car Garage ($150k-$250k list price)

St Charles County 3 Bedroom Homes Sold with 1-Car Garage ($150k-$250k list price)

Comments are closed.