There are a total of seventeen counties that make up the St Louis MSA with 9 of them being on the Missouri side of the Mississippi River and the other 8 on the Illinois side. For some reason, I was curious today if the portion of the St Louis MSA in one state was outperforming the other or if they were performing about the same. I guess my expectation was probably the latter but the data showed that in fact, during the past three months, they were closed, but each state has its bragging rights depending on which data point you look at.
The tables and charts below (available exclusively from MORE, REALTORS®) show more details but below are some highlights of the comparisons between the counties in the two states:
- Sold home prices in Missouri for December were at a median price of $226,500 in December then dipped in January, as expected but rebounded back in February to a median price of $225,000 or 99.3% of the December price. Illinois, on the other hand, had a median price of $150,000 in December then actually increased in January but then fell to $137,750 in February, or 91.8% of the December price.
- The number of home sales paints a different picture though. For the Missouri counties, there were 2,819 homes sold in December and 1,849 in February, for a decrease of 34%. In the Illinois counties, there were 744 homes sold in December and 554 in February for a 26% decrease.
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So, Missouri wins on home price appreciation and Illinois wins on home sales. To break the tie we could look at the percentage of list price that the homes sold for and in that case Missouri wins with a median of 100% versus Illinois’ 99.15%. Ah, but wait, if we look at the cost of selling Illinois wins with a median buyer’s agent’s commission of 2.5% versus Missouris 2.7%. So there you go, it’s a tie.
Missouri Counties In St Louis MSA – Homes Sales and Prices Last 3 Months
(click on chart or table for live data)
Illinois Counties In St Louis MSA – Homes Sales and Prices Last 3 Months
(click on chart or table for live data)
[xyz-ips snippet=”Homes-For-Sale”]
