St Louis Market Trends and Stats

 

 

Newest St. Louis Housing Stats – May 2021

 

 

 

Information in this report covers residential real estate activity in Saint Louis City and County combined and is provided by Mid America Regional Information Systems. Percent changes are calculated using rounded figures.

(These figures compare real estate activity in May 2020 to May 2021)

As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide, inventory remains much lower than it was at this time last year, and sales prices are surging as a result. 

New listings increased 8.5 percent for residential homes and 23.5 percent for townhouse/condo homes. Pending sales increased 11.4 percent for residential homes and 42 percent for townhouse/condo homes. Inventory decreased 39.3 percent for residential homes and 32.9 percent for townhouse/condo homes. 

Median sales price increased 20.5 percent to $265,000 for residential homes and 17.1 percent to $200,000 for townhouse/condo homes. Days on market decreased 39.5 percent for residential homes and 16.3 percent for townhouse/condo homes. Months supply of inventory decreased 47.8 percent for residential homes and 48.1 percent for townhouse/condo homes. 

With such limited supply of existing homes to purchase, all eyes are on home builders to provide a much-needed boost of inventory to the market to help meet buyer demand. However, increasing material and labor costs, along with supply chain challenges, have contributed to significantly higher construction costs, with builders passing these costs on to homebuyers. And while the warmer temperatures, rising sales prices, and the reopening of the economy may draw more sellers to the market, historically low levels of homes for sale are likely to continue for some time.

 

St. Louis Area Market Trends

Links to More Communities for Median Prices 5 Year Period

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

 

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

The chart below is 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 2014.

 

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

 

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Median Sales Price

Days on Market

Percentage the Sellers are Getting for Home

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