Home Prices and Sales - St Louis Real Estate News

Jefferson County Update: Median Home Price Increases by 6.78% in November 2024

By Dennis Norman, on December 16th, 2024

The real estate market in Jefferson County continued to show strong growth in November 2024, with the median home price increasing by 6.78% compared to the same time last year. According to the latest data from , homes in the Jefferson County area sold for a median price of $260,000, up from $243,500 in November 2023.

While this represents a significant increase in home prices, it is important to note that there was a slight decrease compared to the previous month. In October 2024, the median sold price was $276,000, making November’s median price a 5.80% decrease. However, this Continue Reading →

Metro East Update: Home Prices Continue to Rise in November 2024

By Dennis Norman, on December 9th, 2024

As of November 2024, the real estate market in the metro east area showed strong growth with an increase in median sold prices. According to data exclusively available from MORE, REALTORS®, homes in the metro east update sold for a median price of $206000, a significant 21.18% increase from November 2023 when the median sold price was $170000. This also marks a slight decrease of 0.96% from October 2024, when the median sold price was $208000.

The median list price in the metro east update also saw a significant increase of 20.59% from $170000 in November 2023 to $205000 in Continue Reading →

St Charles County Real Estate Market Update: November 2024

By Dennis Norman, on December 9th, 2024

The latest data from the St Charles County real estate market is in, and it’s showing positive signs for both buyers and sellers. According to the chart below, exclusively available from MORE, REALTORS®, the median sold price for homes in the update during November 2024 was $360,500. This represents a 3.00% increase from November 2023, when the median sold price was $350,000.

While the median sold price saw a slight decrease of 2.57% from October 2024, when it was $370,000, the overall trend is still on the rise. Additionally, the median list price for homes in the update was $359,900, Continue Reading →

St. Louis Real Estate Market Update for November 2024

By Dennis Norman, on December 7th, 2024

The St. Louis real estate market continues to show strong growth as we head into the end of 2024. According to the latest data from MORE, REALTORS®, the median sold price for homes in the stl msa update was $265,000 in November 2024. This represents a significant increase of 11.60% from November 2023, when the median sold price was $237,450.

However, there was a slight decrease in median sold price from the previous month, with October 2024 showing a median sold price of $277,000. This decrease of 4.33% is likely due to seasonal fluctuations and is not indicative of a Continue Reading →

Franklin County Update: November 2024 Real Estate Market Data

By Dennis Norman, on December 6th, 2024

As of November 2024, the real estate market in Franklin County has seen a decrease in median sold price compared to the same time last year. According to data exclusively provided by MORE, REALTORS®, homes in the county sold for a median price of $237500, a 3.04% decrease from November 2023 when the median sold price was $244950.

This decrease in median sold price is also reflected in the month-over-month data, with a 6.31% decrease from October 2024 when the median sold price was $253499. The median list price for homes in Franklin County also saw a slight decrease of Continue Reading →

St Louis City Update: October 2024 Real Estate Market Report

By Dennis Norman, on November 21st, 2024

As of October 2024, the St Louis City real estate market is showing signs of stability, with a slight decrease in median sold price compared to the same time last year. According to data exclusively available from MORE, REALTORS®, homes in the St Louis City area sold for a median price of $215,500, a decrease of 0.05% from October 2023. This also represents a 2.82% decrease from September 2024, when the median sold price was $221,750.

However, it’s not all bad news for homeowners in the St Louis City update. The median list price for homes in the area increased Continue Reading →

St Louis County Real Estate Market Update: October 2024

By Dennis Norman, on November 19th, 2024

The latest data from the St Louis County update shows a strong real estate market, with a significant increase in median sold prices compared to last year. According to the chart below, exclusively available from MORE, REALTORS®, homes in the St Louis County sold for a median price of $298,000 in October 2024, a 26.81% increase from October 2023. This also represents a 4.56% increase from September 2024, when the median sold price was $285000.

The median list price in October 2024 was $295,000, a 31.11% increase from October 2023’s median list price of $225,000. Despite this increase, there were Continue Reading →

Jefferson County Real Estate Market Update: October 2024

By Dennis Norman, on November 15th, 2024

The real estate market in Jefferson County, as of October 2024, continues to show strong growth and demand. According to data from MORE, REALTORS®, the median sold price for homes in the county was $276,000, representing a 4.47% increase from October 2023. This also marks a 2.22% increase from September 2024, when the median sold price was $270,000.

The median list price for homes in Jefferson County also saw a significant increase, reaching $278,000 in October 2024. This is a 5.92% increase from October 2023, when the median list price was $262,450.

In terms of sales volume, there were 223 Continue Reading →

Honoring Our Veterans: Protecting the American Dream

By Dennis Norman, on November 11th, 2024

Veterans Day - Preserving the American Dream

Today, as we recognize Veterans Day, we take a moment to honor the men and women who have served and sacrificed to protect our freedoms. Veterans have defended our way of life, ensuring that the fundamental rights we enjoy as Americans are preserved, including the right to own property and pursue the American Dream of homeownership. Their dedication and bravery have not only safeguarded our nation but also reinforced the values that make homeownership possible in a free and democratic society.

Owning real estate is a privilege many of us might take for granted, but it’s rooted in the very Continue Reading →

Metro East Update: October 2024 Real Estate Market Shows Strong Growth

By Dennis Norman, on November 9th, 2024

The latest data from MORE, REALTORS® reveals that the metro east real estate market continues to experience strong growth. In October 2024, the median sold price for homes in the metro east update was $205,000, representing an 11.14% increase from the same time last year when the median sold price was $184,450. This also marks a 2.22% increase from September 2024, when the median sold price was $200,550.

The median list price for homes in the metro east update also saw an increase, reaching $199,900 in October 2024, an 8.38% jump from October 2023’s median list price of $184,450. Additionally, Continue Reading →

St Charles County Real Estate Market Update as of October 2024

By Dennis Norman, on November 8th, 2024

The real estate market in St Charles County continues to show strong growth as we head into the final months of 2024. According to the latest data from MORE, REALTORS®, the median sold price for homes in the St Charles County update during October 2024 was $370,000, representing a 5.74% increase from the same time last year. This also marks a 2.46% increase from September 2024, when the median sold price was $361,113.

The median list price for homes in the St Charles County update was $375,000, a 7.14% increase from October 2023. And with 406 home sales in October Continue Reading →

Franklin County Update: October 2024 Real Estate Market Shows Decrease in Median Sold Price

By Dennis Norman, on November 6th, 2024

The latest data from MORE, REALTORS® shows that the real estate market in Franklin County has seen a decrease in median sold price for the month of October 2024. Homes in the area sold for a median price of $253499, which is 7.82% lower than the median sold price in October 2023, which was $275000. Despite this decrease, last month’s median sold price of $253499 also represents a 3.26% increase from September 2024, when the median sold price was $245500.

The median list price in Franklin County also saw a decrease, dropping 5.28% from $265000 in October 2023 to $251000 Continue Reading →

St Louis City Update as of October 2024: Home Prices Continue to Rise

By Dennis Norman, on October 21st, 2024

The real estate market in St Louis City has been on the rise, with home prices increasing steadily over the past year. According to the latest data from MORE, REALTORS®, the median sold price for homes in the St Louis City update during September 2024 was $222500, a 0.91% increase from the same time last year when the median sold price was $220500. However, there was a slight decrease of 2.20% compared to the previous month’s median sold price of $227500.

The median list price for homes in the St Louis City update also saw an increase of 2.38% from Continue Reading →

St. Louis County Real Estate Market Update: September 2024

By Dennis Norman, on October 19th, 2024

As of September 2024, the St. Louis County real estate market continues to show strong performance. According to the latest data from MORE, REALTORS®, the median sold price for homes in the county was $285,000, representing a 3.07% increase from September 2023. However, this is a slight decrease of 1.59% from August 2024 when the median sold price was $289,616.

The median list price for homes in St. Louis County also saw an increase, reaching $283,450 in September 2024, a 5.02% jump from the same time last year. Despite these increases, there were 944 home sales in September 2024, a Continue Reading →

Jefferson County Real Estate Market Update for September 2024

By Dennis Norman, on October 15th, 2024

The real estate market in Jefferson County has continued to show strength and growth, according to the latest data available from MORE, REALTORS®. In September 2024, the median sold price for homes in the Jefferson County area was $274,900, a 7.80% increase from the same time last year when the median sold price was $255,000. This also marks a 1.81% increase from August 2024, when the median sold price was $270,000.

The median list price for homes in Jefferson County also saw an increase, rising to $269,900 in September 2024, an 8.00% jump from $249,900 in September 2023. However, there Continue Reading →

Metro East Update Real Estate Market Sees Continued Growth in September 2024

By Dennis Norman, on October 9th, 2024

The real estate market in the metro east area of St. Louis, MO continues to show strong growth, according to data from MORE, REALTORS®. In September 2024, the median sold price for homes in the metro east update was $202,500, representing a 9.46% increase from the same time last year when the median sold price was $185,000. This also marks a 1.30% increase from August 2024, when the median sold price was $199,900.

The median list price in September 2024 was $204,450, a 12.03% increase from September 2023 when it was $182,500. Despite a slight decrease in the number of Continue Reading →

St Charles County Update: September 2024 Real Estate Market

By Dennis Norman, on October 8th, 2024

The real estate market in St Charles County saw a slight increase in median sold price during September 2024. According to the latest data from MORE, REALTORS®, homes in the st charles county update sold for a median price of $365000, which is 1.53% higher compared to September 2023 when the median sold price was $359500.

This also marks a 0.00% increase from August 2024, when the median sold price was $365000. The median list price in September 2024 was $365000, showing a 2.47% increase from $356200 in September 2023. These numbers indicate a steady and strong market in St Continue Reading →

stl msa update: September 2024 Real Estate Market Update

By Dennis Norman, on October 7th, 2024

The real estate market in the stl msa update continues to show strong growth as we head into the fall season. According to the latest data from MORE, REALTORS®, the median sold price for homes in the stl msa update was $270,000 in September 2024, a 4.85% increase from the same time last year when the median sold price was $257,500.

While there was a slight decrease of 1.82% in median sold price from August 2024, when it was $275,000, this is still a positive sign for the market. The median list price also saw an increase of 7.60% from Continue Reading →

Franklin County Update: September 2024 Real Estate Market Update

By Dennis Norman, on October 7th, 2024

The real estate market in Franklin County, as of September 2024, continues to show steady growth. According to the latest data from MORE, REALTORS®, the median sold price for homes in the county was $248000, a slight increase of 0.22% from September 2023 when the median sold price was $247450. This also marks a 1.22% increase from the previous month of August 2024, when the median sold price was $245000.

The median list price for homes in Franklin County was $247450, a decrease of 0.98% from September 2023. However, despite this decrease, there were still 78 home sales in the Continue Reading →

St Louis Home Sales Drop to Lowest YTD Level Since 2012

By Dennis Norman, on September 17th, 2024

As of August 2024, year-to-date (YTD) home sales in St. Louis have reached 20,885, marking the lowest YTD level since August 2012, when sales were at 19,181. This represents a significant decline compared to more recent years, reflecting a slowdown in the real estate market. Various factors, including rising interest rates and affordability challenges, have contributed to this dip, and it’s clear that buyers are feeling the pressure.

This decline is even more striking when compared to the peak years, such as 2021, where YTD sales in August reached over 27,900. This downward trend indicates that we may be entering Continue Reading →

Metro East Update: August 2024 Real Estate Market Data Revealed

By Dennis Norman, on September 9th, 2024

The latest real estate market data for the Metro East area has just been released, and it shows promising trends for homeowners and potential buyers alike. According to the chart below, exclusively available from MORE, REALTORS®, the median sold price for homes in the metro east update during August 2024 was $200000, marking an impressive 8.11% increase from the same time last year when the median sold price was $185000.

However, compared to July 2024, there was a slight decrease of 2.44% in the median sold price, dropping from $205000 to $200000. Despite this decrease, the overall trend of increasing Continue Reading →

St Charles County Real Estate Market Update: August 2024

By Dennis Norman, on September 8th, 2024

As of August 2024, the St Charles County real estate market saw a slight decrease in median sold price compared to the same time last year. According to data exclusively available from MORE, REALTORS®, homes in the St Charles County update sold for a median price of $363,500, a 0.41% decrease from August 2023. This also represents a 2.94% decrease from July 2024, when the median sold price was $374,500.

However, the median list price for homes in St Charles County showed an increase of 1.36% from $360,000 in August 2023 to $364,900 in August 2024. This indicates that sellers Continue Reading →

St. Louis Real Estate Market Update: August 2024

By Dennis Norman, on September 8th, 2024

The St. Louis real estate market saw a slight increase in median home prices during August 2024, with homes selling for a median price of $275,000. This is a 3.77% increase from August 2023, when the median sold price was $265,000. However, compared to July 2024, there was a decrease of 3.51% in median sold price, when it was $285,000.

According to the chart below, provided exclusively by MORE, REALTORS®, the median list price for homes in the St. Louis MSA also saw an increase of 7.84% from August 2023, with a current median list price of $275,000. However, there Continue Reading →

The Hidden Cost of Savings: Lower Real Estate Fees and St. Louis Home Prices

By Dennis Norman, on September 6th, 2024

In a groundbreaking analysis from the National Bureau of Economic Research, a recent report has challenged some prevailing assumptions about the impact of lowering real estate agent fees on home prices. According to the findings, a reduction in agent fees, contrary to what some might expect, could lead to higher house prices. This is because lower future transaction costs enhance the overall value of housing as a durable asset, increasing consumer welfare, primarily benefiting current homeowners over prospective buyers.

For homeowners in St. Louis, this suggests a more complex real estate landscape where the benefits of lowered agent fees might Continue Reading →

Franklin County Update: August 2024 Real Estate Market Trends

By Dennis Norman, on September 6th, 2024

As of August 2024, the real estate market in Franklin County has shown some interesting trends. According to data exclusively from MORE, REALTORS®, the median sold price for homes in the county remained steady at $250,000, the same as August 2023. However, this represents a 9.26% decrease from July 2024 when the median sold price was $275,500.

On the other hand, the median list price for homes in Franklin County saw a slight increase of 1.00% from $250,000 in August 2023 to $252,500 in August 2024. This could indicate that sellers are still confident in the market and are willing Continue Reading →

Metro East Update: July 2024 Real Estate Market Report

By Dennis Norman, on August 9th, 2024

The latest data from MORE, REALTORS® shows that the metro east real estate market is continuing to see strong growth. In July 2024, the median sold price for homes in the metro east update was $205,000, a 10.81% increase from July 2023 when the median sold price was $185,000. While this represents a slight decrease of 2.38% from June 2024, when the median sold price was $210,000, it is still a significant increase year-over-year.

The median list price for homes in the metro east update also saw a strong increase, rising to $200,000 in July 2024, an 11.17% jump from Continue Reading →

St Charles County Real Estate Market Update as of August 2024

By Dennis Norman, on August 8th, 2024

The real estate market in St Charles County continues to show steady growth as we enter the month of August. According to the latest data from MORE, REALTORS®, the median sold price for homes in the county was $375,000 in July 2024, a 4.17% increase from the same time last year. This also marks a slight decrease of 4.03% from June 2024.

The median list price for homes in St Charles County was $369,900, a 5.69% increase from July 2023. This indicates a strong demand for homes in the area, as sellers are able to list their homes at higher Continue Reading →

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 Continue Reading →

Why Investing in Real Estate Might Be the Best Decision You’ll Ever Make

By Dennis Norman, on August 6th, 2024

When it comes to investing, we all want to make the smartest choice possible. We’ve all heard that age-old advice: “Invest in what you know.” For many of us here in St. Louis, what we know best is our homes. But how does investing in a home stack up against other common investments? Let’s take a look at the data below and find out.

Over the past two decades, the price of gold has skyrocketed by a whopping 786.57%, leading the pack with an annualized increase of 9.71%. While that’s impressive, not all that glitters is gold. Houses have also Continue Reading →

Franklin County Update: Median Home Prices Continue to Rise in July 2024

By Dennis Norman, on August 6th, 2024

The real estate market in Franklin County, as of July 2024, continues to show strong growth and a steady increase in median home prices. According to data exclusively available from MORE, REALTORS®, the median sold price for homes in the county during July 2024 was $275,500, marking an 18.52% increase from July 2023 when the median sold price was $232,450.

Furthermore, last month’s median sold price of $275,500 also represents a 14.79% increase compared to June 2024, when the median sold price was $240,000. The median list price for homes in Franklin County also saw a significant increase, rising to Continue Reading →