St. Louis Real Estate Market Update for November 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 larger trend.

The median list price for homes in the stl msa update also saw a significant increase, rising to $265,000 in November 2024. This is a 12.77% increase from November 2023, when the median list price was $235,000.

Despite these increases in prices, there were 2397 home sales in the stl msa update in November 2024, a slight decrease of 7.81% from November 2023. This could potentially be attributed to the ongoing supply shortage in the market.

For a visual representation of these numbers, please refer to the chart below, which is available exclusively from MORE, REALTORS®. As always, our team is dedicated to providing accurate and timely data to help you make informed decisions in the St. Louis real estate market.

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