Newest St. Louis Housing Report 

These figures compare real estate activity in December 2024 to December 2023

Comments below from St. Louis REALTORS

U.S. existing-home sales improved for the second consecutive month,
rising 4.8% to a seasonally adjusted annual rate of 4.15 million units, an
eight-month high, according to the National Association of REALTORS®
(NAR). Sales were up 6.1% compared to the same time last year, marking
the largest year-over-year increase since June 2021. Economists had
forecast existing-home sales would come in at an annual rate of 4.07 million
units for the month.

New Listings decreased 2.2 percent for Residential homes but increased
8.5 percent for Townhouse/Condo homes. Pending Sales increased 6.2
percent for Residential homes and 17.1 percent for Townhouse/Condo
homes. Inventory decreased 15.8 percent for Residential homes but
increased 40.1 percent for Townhouse/Condo homes.

Median Sales Price increased 12.0 percent to $279,900 for Residential
homes and 27.6 percent to $250,000 for Townhouse/Condo homes. Days
on Market increased 8.8 percent for Residential homes and 46.7 percent for
Townhouse/Condo homes. Months Supply of Inventory decreased 15.8
percent for Residential homes but increased 50.0 percent for
Townhouse/Condo homes.

Total housing inventory stood at 1.33 million units heading into December, a
2.9% decrease from the previous month but a 17.7% increase year-over year, for a 3.8-month supply at the
current sales pace. Inventory remains below the 5 – 6 months’ supply of a balanced market, and the limited
number of homes for sale continues to put upward pressure on sales prices
nationwide, with NAR reporting a median existing-home price of $406,100,
a 4.7% increase from one year earlier.

ENCOMPASSING DATA FROM ST. LOUIS CITY AND COUNTY-What Sellers Are Getting for Their Homes

What This Means for Buyers

If you're a buyer, you may want to act fast if you see a home that you like and can afford. You'll most likely face competition from other buyers who are looking for similar properties. As you can see from the most recent chart above, Sellers have been getting what they ask for. You may have better opportunities with homes that have been on the market longer than normal stats show which is usually due to inaccurate pricing initially. There are Sellers who have lowered their price. The challenge for you, the Buyer, is being aware when that happens. In our opinion, it does not look like the tight inventory of homes is going to change in the near future. You might want to consider using our newest hack DIY hack to find homes that have just lowered their price. If you are not on some kind of auto email alert, you will not be one of the winners in this current market.

What This Means for Sellers

As the above chart shows, (Year-to-Date) Sellers are getting 100.6% of asking price for homes and 99.3% of asking price for condos. If you're a seller, you may want to take advantage of the low inventory and high demand and list your home now. You may be able to get a good price for your home and sell it quickly. However, you may also have to deal with lower appraisals, stricter inspections, or contingency clauses from buyers who are trying to protect themselves from overpaying or buying a faulty home. Don't over-price your home!

Whether You're a Buyer or Seller We Have Free Guides to Read or Download Your Own Copy Here

Are You Ready to Buy a Home in 2025?

How to Understand the Law of Supply and Demand in Real Estate

It's simpler than you might think.

• Calculation: It's calculated by dividing the current number of active listings by the average sales per month.
• Low Inventory: If this number is low (e.g., 1-3 months), it means there are fewer homes for sale relative to buyer demand. This situation typically indicates a seller's market.
• High Inventory: A higher number (e.g., 6 months or more) suggests there are many homes available compared to the number of buyers, indicating a buyer's market.

Below are the current months of supply charts for St. Louis and St. Charles County

Whether you're interested in the St. Louis or St. Charles area, the supply of homes is still low.
That's why home prices keep going up and why competition is still very much in the picture.

Will Home Prices Start to Go Down?

If, and when they do, it will probably be very gradual.  As you can see in the above image home the median sales price increased by 12.5% compared to December of 2023. The question is  how many buyers are tracking prices closely and are prepared to pounce on an opportunity? The challenge for buyers is to be able to react quickly when a price reduction occurs. How can you find out if a home has recently dropped in price so you can react? 

Check out our easy-to-use hack  the Price Checker.

Want to see homes that have lowered their price in the last 3 days, 7 days, or in the past month?  We've got you covered!

Click on over to our Price Checker  for some DIY research! (We included a tutorial for you once you get there)

Attention Data Geeks and Chart Lovers Keep Scrolling for More

The charts below will show you month by month over the past 3 years how many new listings came on the market on a monthly basis.

If you put your mouse over the graph lines you will see the actual numbers and how they change month to month. This data is refreshed continuously so mark this page and come back in the future to see the trends.

St. Louis County New Listings

St. Charles County New Listings

St. Louis City Median Sales Price 3 Bedroom Home Over the Last 5 Years

The charts below are interactive.  As you move your cursor (or finger on mobile devices)on the chart line you'll see the median price for each month going
back to 2016.

St. Louis City Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell

St. Louis County Median Sales Price 3 Bedroom Home
Over the Last 5 Years

St. Louis County Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell

St. Charles County Median Sales Price 3 Bedroom Home
Over the Last 5 Years

St. Charles County Median Days on Market During the Same 5 Year Period
How Long it Took a Home to Sell

Links to More Communities for Median Prices 5 Year Period

Ballwin
Chesterfield
Wildwood
Brentwood
Maplewood
University City
Ladue
Kirkwood
Central West End

Finding Homes for You Leads with Data

How can you know the trends and the pulse of any market without timely data?  You can't. If you would like to know more about a particular market we can provide you with so much more. To get started just tell us the basic items you need as outlined in the image below:

We Will Send You These Reports

Median Sales Price

Days on Market

Percentage the Sellers are Getting for Home

Example: Looking for 4 bedroom home with 2+ bathrooms in Parkway School District

Just enter that in the box below and we will get back to you with your reports in the same day.  Questions?  Call 636-532-4200