One story homes, often referred to as “ranch-style”, have always been popular, especially with ageing home buyers that don’t want stairs. Â With a large number of baby boomers that have become empty nesters, many of them are downsizing and one-story homes are often their style of choice as well. Â Whether this demand is the reason or not, one-story homes in St Charles County have outpaced 2-story homes in terms of home price appreciation over the past 10-years.
As the charts below show, one-story homes in St Charles County show, have increased in price from a median sold price of $116 per sqft. 10 years ago to $156 per sqft today, an increase of 34.5% during the period. Â As the second chart below shows, 2-story homes during the same period increased from $94 per sqft. to $124 per sqft, an increase of 32.0%.
In terms of the median price homes sold for, there was an even bigger gap between 1-story and 2-story homes. Â One-story homes increased in price from $164,5000 to $229,000, an increase of 39.2% and 2-story homes from $210,000 t $275,000, an increase of 31.0%.
