The median price of homes sold in St Charles County during the past 12-months was $243,900, an increase of 6.09% from the prior 12-month period when the median price was $229,900. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined over 5 percent during the same period and the inventory remains low with a listing supply of just 2.37 months.
As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in St Charles County have had the normal, seasonal, fluctuations but have been steadily trending upward over the past five years. Home prices peaked in August of this year at $257,500 and have been slipping into the normal “winter lull” and will continue to slide until around January or February when they typically bottom out. Last year, home prices peaked in June then fell 4.2% by September and this year, even though home prices peaked just last month, have fallen over 5% already since. I expect home prices in St Charles County will see some correction going forward and anticipate less of a spike in home prices come spring than we saw last year. Last year, in St Charles County, prices increased by nearly 14% in the 4-month period from the seasonal low in February to the peak in June.
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St Charles County Market Report
(click on report for current report)
St Charles County Median Home Prices- Past 5 Years
(click on chart for live, interactive chart)
