Newest St. Louis Housing Stats - June 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 June 2020 to June 2021)
School’s out, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low-interest rates and limited inventory fueling record-high sales prices. May saw the median existing-home sales price exceed $350,000, a 24 percent increase and the largest year-over-year increase since 1999, according to the National Association of REALTORS® . Eager buyers are making multiple offers, some for well over the asking price, while others are making offers on homes sight unseen.
New listings increased ten percent for residential homes and 14.3 percent for townhouse/condo homes. Pending sales decreased 2.5 percent for residential homes but increased 7.7 percent for townhouse/condo homes. Inventory decreased 29.8 percent for residential homes and 24.2 percent for townhouse/condo homes.
Median sales price increased 17 percent to $271,330 for residential homes and 6.2 percent to $187,500 for townhouse/condo homes. Days on market decreased 50 percent for residential homes and 18.9 percent for townhouse/condo homes. Months supply of inventory decreased 36.4 percent for residential homes and 38.5 percent for townhouse/condo homes.
The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory, forcing some buyers to simply wait it out in hopes of more inventory and less competition. Meanwhile, home builders are trying to meet the increased market demand, with housing starts up 3.6% in May from April, according to the Commerce Department. As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes.
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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