As the chart below shows, there were 2,880 homes sold last month within the 5-county core St Louis market (city of St Louis and counties of St Louis, St Charles, Jefferson and Franklin) an increase of 6.5% from March 2016 when there were 2,705 homes sold. Looking at a the year over year change for a single month of home sales doesn’t usually tell the complete story, so I like to look at the prior 12 month period and compare it to the prior 122 month period to get the “big picture”. When we do that for the 5-county core St Louis home market, as the table below shows, there were 27,437 homes sold in the 12 month period ending March 31, 2017, an increase of 6.26% from the prior 12 month period when there were 25,821 homes sold.
St Louis Home Prices Increased 6.5% in March from year ago
The chart below also reveals that the median price of homes sold last month in the St Louis core market was $166,380, an increase of 6.5% from March 2016 when the median price was $156,250. Looking at the table for the most recent 12 months we see the median price of homes sold was $180,000 ,an increase of 5.26% from the prior 12 month period when the median price of homes sold was $171,000.
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St Louis 5 county Home Prices and Sales – Past 24 Months – Chart
