Of the 6,137 homes that were sold in St Charles county during the past 12 months, 5,839 (95%) of them had a garage. Nearly 68 percent of the homes sold with a garage in St Charles county had a 2-car garage, nearly 24 percent a 3 car garage or larger and just 8.5 percent had a one-car garage. So, if you are a St Charles county homeowner with a one-car garage, how much can you expect to be impacted price-wise when you sell? Of, if you are a buyer, looking at a home in St Charles county with a one-car garage, how much should you discount what you pay for it versus a similar home with a 2-car garage?
To address these questions, I went to our STL Market Charts to pull data from our MLS database for home sold in St Charles county in the past 12 months to see how, on a price per foot basis, the price varies based upon garage size. For the sake of this discussion, and to keep it to an “apples to apples” comparison the best I could, I pulled data for 3 bedroom homes in St Charles county, listed at $150,000 – $250,000 and sold within the past 12 months.
As the tables below illustrate, the 1,506 homes sold with 2-car garages sold for a median price of $122 per square foot and the 48 homes that sold with 1-car garages sold for a median price of $120.41 per square foot or about 1.3% less than it’s 2-car counterpart. Naturally, this will vary by price range and area, but for the typical 3 bedroom St Charles county home, it appears a 2-car garage is worth about $1.60 per square foot, or about 1.3%, more than a similar home with a one-car garage.
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St Charles County 3 Bedroom Homes Sold with 2-Car Garage ($150k-$250k list price)
St Charles County 3 Bedroom Homes Sold with 1-Car Garage ($150k-$250k list price)
