Hazelwood is a St. Louis suburb where you can buy an affordable home and watch it grow in value each year.
Located on the western edge of North County, Hazelwood offers quick access to highways and short commutes to most of the St. Louis area.
Learn more about Hazelwood from a resident’s point of you.
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Hazelwood Real Estate Market Update:
How Much Do Hazelwood Homes Cost?
Since 2011, the median sale price in Hazelwood, MO has increased each year. With fewer cheap foreclosures available for purchase in the last few years, homes in good condition are seeing their value increase. While values are going up, the median sale price remains well below $75,000.
Renters who want to own a home but are on a limited budget can easily become a homeowner in Hazelwood. The area is also ideal for investors who want to purchase inexpensive properties to build a rental portfolio.
How Long Does It Take to Sell a Hazelwood Home?
CDOM stands for Cumulative Days on Market. This statistic tracks how long it takes for a home to get a contract that ultimately closes. The cumulative part means that this number does not reset just because a seller changes agents unless the home comes off the market for at least 60 days.
While median sale price has been increasing each year since 2011, the time it takes for Hazelwood homes to sell has been dropping. So far this year, half of the homes that sold in Hazelwood got an accepted contract in just under 6 weeks.
Successful Sales vs Failed Attempts to Sell:
In 2011, there were more failed attempts to sell a home in Hazelwood than there were successful sales.
Since 2012, the trend has reversed. In the least few years, only a small percentage of agent listed homes in Hazelwood fail to sell. Last year, 30% of the homes that were listed in Hazelwood came off the market without selling. As of today, the number of failed attempts to sell has has dropped to 27% of listed homes.
With home sale prices going up, homes selling faster and fewer listed homes failing to sell, a home purchase in Hazelwood, MO is a good investment.
Are You Thinking About Moving?
I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell. I also work with buyers who want to find the home of their dreams, but don’t want to overpay.
If you are thinking of buying or selling a home in the St Louis area, give me a call at 314-265-8073 and let’s talk about your options.
