The median price of homes sold in the St Louis MSA during the month of October was $165,000, a 7.8 percent increase from the median sold price of $153,1000 from October 2015 in the St Louis MSA. As the chart below shows, there are, as always, seasonal fluctuations in prices but the two year trend, has been a steady, and nearly normal, increase in home prices. As I have mentioned before, looking at home prices for just a one month period versus a year ago is not the best way to really see the big picture of the market but it is a good way to spot trends. This is why, below the chart, I have tables showing the sales data for the 12 month period ending October 31, 2016 as well for the prior 12 month period. Those tables reveal that, for the most recent 12 month period, the median home sales price in the St Louis MSA was $164,789, an increase of 3 percent from the prior 12 month period when the median home sales price was $160,000. On a price per foot basis, one of the best ways to truly look at home price appreciation, homes in the St Louis MSA sold for a median of $109/foot for the most recent 12 month period, an increase of 3.4 percent from the prior period when homes sold for $105.45/foot.
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St Louis MSA Home Sales and Prices – November 2014 Through October 2016
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St Louis MSA Home Sales and Prices – November 2015 Through October 2016
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Copyright 2016 – MORE, REALTORS – All Rights Reserved
St Louis MSA Home Sales and Prices – November 2014 Through October 2015
(Click on chart for live data)
Copyright 2016 – MORE, REALTORS – All Rights Reserved