St. Louis and St. Charles Real Estate Markets Q2 Report
Are you planning to buy or sell a home in the St. Louis or St. Charles area? The National Association of REALTORS® says it’s harder for buyers to find prospects.
This is due to a historic low in homes on the market and rising prices. In fact, in March 2022, the sale of existing homes dropped 2.7 percent nationwide.
Understanding St. Louis and St. Charles real estate trends help you choose wisely. Keep reading to find the most current data.
St. Louis, Missouri Real Estate Trends
The St Louis REALTORS® March 2022 Housing Report shows the market’s ups and downs. As Warren Buffet said, “Look at market fluctuations as your friend rather than your enemy.”
The new single-family residential median sale price was $315,384. That’s up 4.6 percent compared to the previous year.
Pending sales fell 8.2 and 0.2 percent from 2021. This is for single residences and townhomes/condos, respectively. If you’re buying, this means less competition.
The length of time homes were on the market fell, which is great for sellers. The average number of days for single residences was 30 and 36 for condos and townhomes.
What Does the St. Charles Real Estate Market Look Like?
The ALFRED Archival Economic Data reported a price increase for the St. Charles real estate market. Buyers will find fewer property options, which benefits sellers.
In March 2020, 240 homes sold for higher prices compared to previous reports. Sellers will be happy to hear that the days from listing to sale fell to 16 days. Also, the median housing prices rose 0.7 percent by the end of April 2022.
Are you interested in finding apartments located in St. Charles County? If so, the average apartment rent is $1,166. This is according to the third quarter 2021 report.
Importance of Choosing a Great REALTOR®
Buying and/or selling a home may be an exciting but stressful time. Great Realtors understand this. You’ll have a superhero at your side with expert knowledge and the passion to fight for you.
They’ll fearlessly confront buyers to ensure you get the best price for your house. Whether you’re buying or selling, no stone will be left unturned. This includes documents, pictures, and more.
Your hero uses their X-ray vision to stay on top of the Missouri homes realty market. Thus, you’ll receive the most current information to reap the most benefits.
Are You Looking for a St. Louis Real Estate Broker?
This article discussed the current St. Louis or St. Charles real estate trends. MarketPoint Realty has the superhero Realtors you want.
We discuss the real estate climate and guide you in confident decision-making. You’ll save 4.5 percent on listings and up to seven percent on buyers’ fees.
If you’re unhappy with your buying decision within the first year, we’ll sell the house for FREE. You’ll only pay a 2.7 percent buyers’ agent fee. Schedule a free, no-obligation presentation today to discover how we can empower you.