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What the St. Louis housing market looks like at 5 different price points

May 18, 2022 by Staff Reporter

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

A record rise in home prices across the country was brought about by record-low interest rates on home loans, soaring demand from buyers, and a housing shortage exacerbated by hesitancy among developers.

Sundae looked to its internal database of homes to show what houses look like at five different price points in St. Louis, MO-IL, ranging from $100,000 to $1 million. For each price point in St. Louis, MO-IL, Sundae lists how many houses are for sale, as well as show an example and characteristics of one of these homes.

In June, properties remained on the market for an average of just 17 days—24 less days than the year prior—and the median price for an existing home was up 23% over June 2020, according to a report from the National Association of Realtors. Out of all homes on the market, 90% have generally been selling within one month.

Continue reading to find out more about the housing market in St. Louis, MO-IL.

Sundae

$100,000-$200,000

– Sales of $100,000-$200,000 homes: 22,542
— Average number of bedrooms: 1.7
— Average square feet: 1,273

Sundae

$200,000-$300,000

– Sales of $200,000-$300,000 homes: 17,729
— Average number of bedrooms: 2.1
— Average square feet: 1,548

Sundae

$300,000-$500,000

– Sales of $300,000-$500,000 homes: 11,929
— Average number of bedrooms: 2.5
— Average square feet: 2,144

Sundae

$500,000-$750,000

– Sales of $500,000-$750,000 homes: 3,088
— Average number of bedrooms: 2.9
— Average square feet: 2,866

Sundae

$750,000-$1,000,000

– Sales of $750,000-$1,000,000 homes: 653
— Average number of bedrooms: 3.1
— Average square feet: 3,405


Originally Appeared Here

Filed Under: BUY HOME, INVESTING, NEWS & TRENDS, SELL HOME

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