Home Prices and Sales - St Louis Real Estate News

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 →

Young Home Buyers: Essential Guide to Picking Your Ideal Real Estate Agent!

By Tim Branneky, on July 18th, 2024

Tim Branneky

Before graduating from Westminster College in Fulton, Missouri; I’d had my mind set on my career path which was in real estate! I decided after breaking multiple school and conference football kicking records, to hang up the cleats and focus on handing over keys to new home buyers and game-plan with sellers! In my first full year of working in real estate post graduation; In 2023, I successfully closed on 18 sides totaling $5,355,500 while working with multiple first time home buyers!

As a young home buyer, it might seem overwhelming as you’re given the task Continue Reading →

Metro East Update: June 2024 Real Estate Market Shows Steady Growth

By Dennis Norman, on July 9th, 2024

The metro east area of St. Louis, MO continues to see a strong real estate market, with the latest data from June 2024 showing a steady increase in home prices. According to the chart below, exclusively available from MORE, REALTORS®, the median sold price for homes in the metro east update was $210,000, a 2.44% increase from June 2023. This also represents a 10.24% increase from May 2024, when the median sold price was $190,500.

The median list price for homes in the metro east update was $200,000, a slight increase of 0.05% from June 2023. However, there was a Continue Reading →

St Charles County Real Estate Market Update as of July 2024

By Dennis Norman, on July 8th, 2024

The real estate market in St Charles County has continued to show strong growth and stability as of July 2024. According to the latest data from MORE, REALTORS®, the median sold price for homes in the county during June 2024 was $391,500, representing an increase of 7.26% from the same time last year when the median sold price was $365,000. This also marks a 6.41% increase from May 2024, when the median sold price was $367,900.

The median list price for homes in St Charles County was $379,900 in June 2024, a significant increase of 8.54% from $350,000 in June Continue Reading →

St Louis Metro Area: June 2024 Real Estate Market Update

By Dennis Norman, on July 7th, 2024

As of June 2024, the stl msa real estate market continues to show strong growth. According to data exclusively from MORE, REALTORS®, the median sold price for homes in the stl msa update was $299950, a 9.07% increase from June 2023. This also marks a 9.07% increase from May 2024, when the median sold price was $275000.

The median list price for homes in the stl msa update was $290000, a 9.43% increase from June 2023. Despite the increase in prices, there were 2800 home sales in June 2024, a decrease of 18.60% from June 2023.

The chart below illustrates Continue Reading →

Franklin County Update Real Estate Market Update as of July 2024

By Dennis Norman, on July 7th, 2024

According to the latest data from MORE, REALTORS®, the median sold price for homes in the franklin county update was $240000 in June 2024. This represents a 1.23% decrease from June 2023 when the median sold price was $243000. Additionally, last month’s median sold price of $240000 also saw a decrease of 5.51% compared to May 2024.

Despite the decrease in median sold price, the median list price for homes in the franklin county update saw a slight increase of 0.81% from $247000 in June 2023 to $249000 in June 2024. However, there were 14.95% fewer home sales in June Continue Reading →

St. Louis Metro Area Home Sales See Steady Increase in 2024

By Dennis Norman, on June 17th, 2024

The St. Louis metropolitan area, which covers counties in both Missouri and Illinois, has seen a steady increase in home sales so far this year. According to data from MORE, REALTORS®, there have been 12,130 homes sold in the St. Louis metro area through the end of May 2024. This represents a 5.63% increase from the same period last year, when 11,483 homes were sold.

Compared to four years ago, when there were 13,295 homes sold through May 2024, this year’s sales have seen a slight decrease of 8.76%. However, this decrease is still within a reasonable range and does Continue Reading →

Luxury Living: The St. Louis Zip Codes Are Among America’s Wealthiest

By Dennis Norman, on June 13th, 2024

A recent article in the St. Louis Business Journal highlights the prominence of St. Louis in the newly released Business Journals Wealthy 1000 ranking. Among the nation’s wealthiest ZIP codes, nine from the St. Louis area have made the list, underscoring the region’s economic significance. Leading the charge is Ladue’s 63124 ZIP code, recognized not only as the wealthiest in St. Louis but also a major player on the national stage.

This new ranking takes into account various wealth metrics such as income, home equity, and estimated savings, painting a comprehensive picture of affluence in the area. While Ladue tops Continue Reading →

Metro East Update: Real Estate Market Continues to Thrive in May 2024

By Dennis Norman, on June 9th, 2024

The latest data from MORE, REALTORS® shows that the metro east real estate market is still going strong as of May 2024. According to the chart below, the median sold price for homes in the metro east area was $191588, representing an 8.55% increase from May 2023 when the median sold price was $176500. This also marks a 4.69% increase from April 2024, when the median sold price was $183000.

The median list price for homes in the metro east update also saw a significant increase, rising 8.51% from $175000 in May 2023 to $189900 in May 2024. Additionally, there Continue Reading →

St Charles County Real Estate Market Update as of June 2024

By Dennis Norman, on June 8th, 2024

The real estate market in St Charles County continues to show strength and growth, with the median sold price for homes increasing by 5.71% in May 2024 compared to the same time last year. According to the chart below, available exclusively from MORE, REALTORS®, the median sold price for homes in the St Charles County update was $370,000, up from $350,000 in May 2023. This also marks a 2.78% increase from April 2024, when the median sold price was $360,000.

The median list price for homes in St Charles County also saw an increase of 5.82% from May 2023, reaching Continue Reading →

Median Home Prices Continue to Rise Throughout the St Louis Metro Area in May

By Dennis Norman, on June 7th, 2024

The latest data from MORE, REALTORS® reveals that the St. Louis Metropolitan Statistical Area (stl msa) real estate market is showing no signs of slowing down. In May 2024, the median sold price for homes in the stl msa reached $275,000, a 7.84% increase from the same month in 2023 when the median sold price was $255,000.

Compared to the previous month, May 2024’s median sold price of $275,000 also saw a 5.81% increase from April 2024’s median sold price of $259,900. This steady growth in home prices is a positive sign for sellers in the stl msa.

Additionally, the Continue Reading →

Memorial Day Events: Honoring History and Community in St. Louis

By Dennis Norman, on May 27th, 2024

As we commemorate Memorial Day, it’s a time for reflection on our history and community. In St. Louis, Memorial Day holds particular significance, intertwining with our city’s rich historical tapestry.

The Historical Roots of Memorial Day in St. Louis

Memorial Day, originally known as Decoration Day, was established after the Civil War to honor fallen soldiers. St. Louis, with its strategic location and historical military significance, has always played a pivotal role in these commemorations. Jefferson Barracks National Cemetery, one of the oldest military cemeteries in the United States, serves as the final resting place for over 188,000 soldiers, spanning Continue Reading →

St. Louis Metro Area YTD Home Sales Show Steady Increase in 2024

By Dennis Norman, on May 19th, 2024

The St. Louis metropolitan area, which covers counties in both Missouri and Illinois, has seen a strong start to the year in terms of home sales. According to data from MORE, REALTORS®, there have been 9,035 homes sold in the St. Louis metro area through the end of April 2024. This represents a 5.54% increase from the same period last year, where 8,561 homes were sold.

While this year’s YTD home sales may be lower compared to four years ago, with a decrease of 11.78%, it is important to note that the overall trend is still positive. This is great Continue Reading →

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

By Dennis Norman, on May 15th, 2024

The real estate market in the metro east area is showing no signs of slowing down. According to the latest data from MORE, REALTORS®, homes in the metro east update sold for a median price of $183,711 during April 2024. This represents a 5.58% increase from April 2023, when the median sold price was $174,000.

However, there was a slight decrease of 0.40% compared to March 2024, when the median sold price was $184,450. The median list price also saw a significant increase, rising by 8.79% from $170,000 in April 2023 to $184,950 in April 2024.

The number of home Continue Reading →

St Charles County Real Estate Market Update as of May 2024

By Dennis Norman, on May 15th, 2024

The real estate market in St Charles County, MO continues to show strength and stability as we head into the summer months. According to the latest data available exclusively from MORE, REALTORS®, the median sold price for homes in the St Charles County update was $360,000 in April 2024. This represents a 2.06% increase from April 2023, when the median sold price was $352,750.

While there was a slight decrease of 2.82% from the previous month, when the median sold price was $370,450, the overall trend for home prices in St Charles County remains positive. Additionally, the median list price Continue Reading →

Franklin County Real Estate Market Update as of May 2024

By Dennis Norman, on May 14th, 2024

The latest data from the Franklin County update shows a continued upward trend in the real estate market. In April 2024, the median sold price for homes in the county was $245,450, representing a 5.34% increase from the same month last year. This also marks a slight decrease of 0.63% from March 2024.

The median list price for homes in Franklin County was $246,450, a 6.02% increase from April 2023. In terms of sales, there were 108 homes sold in April 2024, a significant 54.29% increase from April 2023.

For a visual representation of this data, refer to the chart Continue Reading →

St. Louis Metro Area Real Estate Market Update – April 2024

By Dennis Norman, on May 14th, 2024

As of April 2024, the St. Louis metro area real estate market continues to show steady growth. According to data from MORE, REALTORS®, the median sold price for homes in the St. Louis area was $260,000, representing a 2.36% increase from April 2023 when the median sold price was $254,000. This also marks a 4.00% increase from the previous month, March 2024, when the median sold price was $250,000.

The median list price for homes in St. Louis was $250,000, a slight 0.04% increase from April 2023. This indicates that sellers are still able to command a strong price for Continue Reading →

St. Louis Real Estate Set for a Comeback: Insights from NAR Chief Economist Lawrence Yun

By Dennis Norman, on May 8th, 2024

Lawrence Yun, Chief Economist for the National Association of REALTORS

In his forecast yesterday at the 2024 REALTORS® Legislative Meetings, National Association of Realtors® Chief Economist Lawrence Yun delivered a promising outlook for the real estate market with expectations for rising existing-home sales. According to Yun, the U.S. is likely to see existing-home sales increase to 4.46 million in 2024, a 9% rise from 2023, and surge to 5.05 million in 2025. Yun highlighted, “More jobs mean more home sales and higher housing demand. You need a strong local economy for a strong housing market.”

Additionally, Continue Reading →