How Fast Do St. Louis Homes Sell?

Arch City Homes listings that sold fast in 2012

The real estate market is definitely doing better this year in St. Louis.

More homes are selling than sold last year. More of the homes on the market are under contract than last year. Homes are also selling faster and for a higher percentage of the listing price.

And sale prices appear to have stabilized. While values are not yet growing, they aren’t falling anymore either.

The overall improvement in the market suggests that it’s only a matter of time before home values start increasing.

Let’s compare the statistics for the 1st half of 2011 compared to 2012.

2011:

• Median selling time – 75 days
• Number of sold homes – 4,697
• Number of expired listings (failed to sell) – 7,449
• Median sale price – $134,900
• Sale price to list price ratio – 95.7%

2012:

• Median selling time – 65 days
• Number of sold homes – 5,292
• Number of expired listings (failed to sell) – 7,379
• Median sale price – $135,050
• Sale price to list price ratio – 96.2%

Statistics are obtained from the St. Louis MLS system (MARIS) for agent-listed single family homes in St. Louis County and closed between Jan. 1 – June 30. 

How Long Does it Take to Sell a Home in St. Louis?

While it IS true that the St. Louis housing market is improving overall, some areas are doing better than others. Take a look at the communities below to see how your area compares to the others.

Affton:

Median selling time – 46 days
% sold in 0-30 days – 18%
% sold in 0-90 days – 32%

Arnold:

Median selling time – 73 days
% sold in 0-30 days – 18%
% sold in 0-90 days – 58%

Ballwin:

Median selling time – 57 days
% sold in 0-30 days – 22%
% sold in 0-90 days – 65%

Brentwood:

Median selling time – 130 days
% sold in 0-30 days – 19%
% sold in 0-90 days – 63%

Chesterfield:

Median selling time – 60 days
% sold in 0-30 days – 19%
% sold in 0-90 days – 68%

Clayton:

Median selling time – 51 days
% sold in 0-30 days – 20%
% sold in 0-90 days – 54%

Crestwood:

Median selling time – 76 days
% sold in 0-30 days – 22%
% sold in 0-90 days – 54%

Creve Coeur:

Median selling time – 96 days
% sold in 0-30 days – 23%
% sold in 0-90 days – 72%

Ellisville:

Median selling time – 58 days
% sold in 0-30 days – 15%
% sold in 0-90 days – 67%

Eureka:

Median selling time – 66 days
% sold in 0-30 days – 23%
% sold in 0-90 days – 70%

Fenton:

Median selling time – 59 days
% sold in 0-30 days – 22%
% sold in 0-90 days – 67%

Florissant:

Median selling time – 45 days
% sold in 0-30 days – 17%
% sold in 0-90 days – 51%

Frontenac:

Median selling time – 130 days
% sold in 0-30 days – 20%
% sold in 0-90 days – 50%

Hazelwood:

Median selling time – 50 days
% sold in 0-30 days – 23%
% sold in 0-90 days – 61%

High Ridge:

Median selling time – 67 days
% sold in 0-30 days – 14%
% sold in 0-90 days – 57%

Kirkwood:

Median selling time – 100 days
% sold in 0-30 days – 13%
% sold in 0-90 days – 57%

Ladue:

Median selling time – 97 days
% sold in 0-30 days – 31%
% sold in 0-90 days – 61%

Manchester:

Median selling time – 60 days
% sold in 0-30 days – 21%
% sold in 0-90 days – 64%

Maplewood:

Median selling time – 163 days
% sold in 0-30 days – 16%
% sold in 0-90 days – 48%

Maryland Heights:

Median selling time – 60 days
% sold in 0-30 days – 18%
% sold in 0-90 days – 61%

Mehlville-Oakville:

Median selling time – 73 days
% sold in 0-30 days – 16%
% sold in 0-90 days – 56%

O’Fallon:

Median selling time – 71 days
% sold in 0-30 days – 17%
% sold in 0-90 days – 57%

Richmond Heights:

Median selling time – 70 days
% sold in 0-30 days – 26%
% sold in 0-90 days – 62%

St. Charles:

Median selling time – 59 days
% sold in 0-30 days – 20%
% sold in 0-90 days – 62%

St. Peters:

Median selling time – 66 days
% sold in 0-30 days – 16%
% sold in 0-90 days – 59%

Shrewsbury:

Median selling time – 115 days
% sold in 0-30 days – 12%
% sold in 0-90 days – 53%

Sunset Hills:

Median selling time – 111 days
% sold in 0-30 days – 6%
% sold in 0-90 days – 52%

Town and Country:

Median selling time – 135 days
% sold in 0-30 days – 11%
% sold in 0-90 days – 56%

University City:

Median selling time – 80 days
% sold in 0-30 days – 21%
% sold in 0-90 days – 53%

Webster Groves:

Median selling time – 66 days
% sold in 0-30 days – 21%
% sold in 0-90 days – 63%

Wentzville:

Median selling time – 89 days
% sold in 0-30 days – 19%
% sold in 0-90 days – 61%

Wildwood:

Median selling time – 81 days
% sold in 0-30 days – 25%
% sold in 0-90 days – 63%

All data is for MLS-listed residential sales that have closed since 1/1/2012 and listed the city name in the address. 

See more St. Louis housing market information…

   

Tagged as: Market Report Update, St. Louis County