Is Saint Louis, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Saint Louis was a Seller's Market.
Key Takeaway
Saint Louis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Saint Louis, MI
How much do homes in Saint Louis, MI cost?
Median Sold Price
$141,950
$101/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Saint Louis have sold for 10.9% more than they did a month ago.
Summary: The median home sold price in Saint Louis was $141,950 in May 2024, up 10.9% from last month, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $121.5K | - | N/A |
| 3 Bedrooms | $122K | $139K | +13.9% |
| 4 Bedrooms | $195K | $144.9K | -25.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Saint Louis housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 25.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pine River Township | $28.9K | $196.2K | +579.1% |
| Saint Louis | $128K | $141.9K | +10.9% |
Housing Supply in Saint Louis, MI
How many homes are available in Saint Louis, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 20 | 17 | -15.0% |
Summary: The Saint Louis real estate market had 17 homes for sale in May 2024, a 15.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 11 | 10 | -9.1% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Saint Louis housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Saint Louis, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Saint Louis in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Saint Louis, MI
How long does it take to sell a home in Saint Louis, MI?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 36 Days | -49.2% |
Summary: Homes in Saint Louis had an average of 36 days on market in May 2024, down by 49.2% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Saint Louis has remained consistent over time.
Summary: During May 2024, 2 homes were sold in Saint Louis; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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