What homes are selling in St. Louis?

what homes are selling in st louis?By: Dennis Norman

Lately the news on the real estate market has been a little more optimistic and almost encouraging at times.  Most of the news and stats are national or regional and, as I and others have said many, many times, all real estate is local.  So what’s going on in the St. Louis market and more specifically, what is selling here?

In putting together stats for this post I included data from the following areas:

  • St. Louis City
  • St. Louis County
  • St. Charles County
  • Jefferson County
  • Franklin County

The data I pulled was all on single-family homes and I did not include condos.  I have nothing against condos, it’s just our market is dominated by homes so that is what I focused on. 

Now, to answer the question, what homes are selling in St. Louis?  The answer is, over the past year, below are the data on the average home that has sold:

  • 1444 square feet
  • list price $181,471
  • sales price $172,226 (94.91% of list price)
  • house was on the market 95 days before it sold
  • over 50% of the homes sold have 3 bedrooms

In comparing the above sold data for the past year (08/01/08 through 08/01/09) to the year before (08/01/07 through 08/01/08) here are the results:

  • 20424 homes sold in most recent year which is 7.7% less than the year before when 22,146 homes sold
  • size of average home sold for both years is similar at 1444 sq ft most recently and 1460 the year before
  • avergage sales price dropped almost 12% from $195,392 a year before to $172,226 the most recent year
  • 50% or more of homes sold in both years have 3 bedrooms

Below are the stats for the average home sold in the past year by individual county:

St. Louis City:

  • 1340 square feet
  • list price $111,205
  • sales price $104,606 (94.07% of list price)
  • house was on the market 90 days before it sold
  • 46.7% of the homes sold have 2 bedrooms, 35.4% have 3

St. Louis County:

  • 1513 square feet
  • list price $200,574
  • sales price $189,401 (94.43% of list price)
  • house was on the market 89 days before it sold
  • 50% of the homes sold have 3 bedrooms

St. Charles County:

  • 1662 square feet
  • list price $208,518
  • sales price $200,062 (95.95% of list price)
  • house was on the market 91 days before it sold
  • 57% of the homes sold have 3 bedrooms

Jefferson County:

  • 936 square feet
  • list price $151,904
  • sales price $146,816 (96.65% of list price)
  • house was on the market 96 days before it sold
  • 58.7% of the homes sold have 3 bedrooms

Franklin County:

  • 1322 square feet
  • list price $158,888
  • sales price $150,253 (94.57% of list price)
  • house was on the market 134 days before it sold
  • 63% of the homes sold have 3 bedrooms
Print Friendly, PDF & Email

6 comments to What homes are selling in St. Louis?

  • Spot on with this write-up, I really think this site needs a great deal more
    attention. I’ll probably be returning to read more, thanks for the information!

  • I’ve learn several excellent stuff here. Certainly worth bookmarking for revisiting.
    I wonder how so much effort you put to make the
    sort of magnificent informative web site.

  • Pretty nice post. I just stumbled upon your weblog
    and wanted to say that I’ve really enjoyed browsing your blog posts.

    In any case I will be subscribing to your rss feed and
    I hope you write again soon!

  • This paragraph will assist the internet people for setting up new webpage or even a blog from start to end.

  • With havin so much content and articles do you ever run into any problems of
    plagorism or copyright violation? My blog has a lot of exclusive content I’ve either authored myself or outsourced but it
    appears a lot of it is popping it up all over the web without my
    permission. Do you know any techniques to help protect against content from being ripped off?

    I’d certainly appreciate it.

  • Right away I am ready to do my breakfast, afterward having my breakfast coming over again to
    read additional news.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>