No Listing Shortage Of Million-Dollar Listings In St Louis

By Dennis Norman, on June 21st, 2017

The low inventory of homes for sale in St Louis comes up today in most conversations related to the St Louis real estate market.  St Louis home buyers have struggled to get to new listings quick enough, and then make strong enough offers, to successfully beat out the competition.  Well, while that may be the story for the majority of the St Louis real estate market, that is not the story for the $1Million+ market.

As the table below shows, there are currently 287 homes listed in St Louis County and St Charles County at a price of $1 million dollars or more which, based upon current sales rates, translates into more than a years supply.

St Charles County and St Louis County $1 Million+ Homes For Sale

(click on table for up to date chart and table)

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Million Plus Dollar Home Prices In St Louis County Outperforming St Charles County

As the charts below show, the median price per square foot for $1 Million+ homes sold in St Louis county so far in 2017 is $278, just about the same as last year when it was $277.  For St Charles county, for 2017 the median price per foot is $232, a decline of 4.5% from last year when it was $243.

St Louis County $1 Million+ Home Prices Per Foot

St Charles County $1 Million+ Home Prices Per Foot

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