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 were 2973 home sales in August 2024, a 10.72% decrease from August 2023.

This data suggests that the St. Louis real estate market is still experiencing steady growth, but at a slower pace compared to previous years. As we head into the fall season, it will be interesting to see how the market continues to evolve.

If you’re looking to buy or sell a home in the St. Louis area, contact MORE, REALTORS® for expert guidance and assistance. Our team of experienced agents are dedicated to helping you achieve your real estate goals.

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