St. Louis Real Estate Market Update as of August 2024

By Dennis Norman, on August 7th, 2024

The St. Louis real estate market continues to show strong growth, with the median sold price for homes in the stl msa update reaching $288,500 in July 2024. This represents a 6.89% increase from the same time last year when the median sold price was $269,900. However, there was a slight decrease of 3.80% from June 2024, when the median sold price was $299,900.

The median list price for homes in the stl msa update also saw an increase, reaching $280,000 in July 2024, up 5.70% from July 2023. This indicates that sellers are able to command higher prices for their homes in this market.

According to the chart below, provided exclusively by MORE, REALTORS®, there were 2,944 home sales in the stl msa update in July 2024, a slight increase of 0.48% from the same time last year. This data shows that the St. Louis real estate market remains active and competitive.

As we continue to see growth in the St. Louis real estate market, it is a great time for both buyers and sellers to make their move. Whether you are looking to buy or sell a home in the St. Louis area, the experienced agents at MORE, REALTORS® are here to help you navigate this dynamic market. Contact us today to get started on your real estate journey.

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