Newest St. Louis Housing Stats - January 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 January 2020 to January 2021)
January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.
New listings increased 0.5 percent for residential homes but decreased 0.7 percent for townhouse/condo homes. Pending sales increased 17.6 percent for residential homes and 6.2 percent for townhouse/condo homes. Inventory decreased 41 percent for residential homes and 12.3 percent for townhouse/condo homes.
Median sales price increased 16.6 percent to $230,000 for residential homes and 8.1 percent to $173,000 for townhouse/condo homes. Days on market decreased 29.8 percent for residential homes and 28.3 percent for townhouse/condo homes. Months supply of inventory decreased 45.5 percent for Residential homes and 15 percent for townhouse/condo homes.
The Mortgage Bankers Association’s January research estimates approximately 2.7 million homeowners with mortgages are currently in forbearance plans. Some of these homes may eventually come to market, but given the strong appreciation in most market segments in recent years, these eventual home sales are likely to be mostly traditional sellers. However, a modest increase in short sales and foreclosures at some point this year would not be surprising.
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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