Welcome to this month’s St. George, Utah real estate market report presented to you by the Jackie Ruden Realty Team, the knowledgeable and experienced real estate professionals, give them a call today to answer all your home buying and selling questions. How has the real estate market behaved over the last month? Sale prices are higher, but, the one bright spot for buyers is there is more inventory available in St. George. Find out more about the St. George real estate market with this helpful report.
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St. George Utah Housing Stats
The average sale price for single-family homes in St. George at the end of September 2021 was $445,500, a year-to-year increase of 23.75%. For the year so far the average sale price for single-family homes is $427,026, up 26.44% from $337,741.
There were 478 listings sold last month in St. George, which is a year-to-year decrease of 28.3% from the 667 sold during the previous September. New sold listings for the year are behind last year’s pace by 5.5% down from 4,747 to 4,488 at the end of last month.
A total of 533 listings went under contract in September, year over year slowdown in activity by 15.7%. For the year so far there have been 4,712 listings that have gone under contract, this is down 9.9% from 5,229.
There were 643 new listings to hit the market in St. George during September, a 3.7% increase in available listings from this time one year ago. New listings for the year are down slightly from this time one year ago, dropping from 5,922 to 5,624 at the end of last month.
There are approximately 1.6 months of inventory available to buyers at the end of September in St. George, inventory levels have increased month to month since the beginning of March rising from less than one month of inventory.
Single-family homes are on the market for an average of 22 days before being sold, average days on the market before being sold have slowed from the 15-day average during the month of July.
During the month of September, sellers were getting 98.5% of their list price for their home at closing, overbidding of listings has dropped from a high of 101.5% at the end of June, and dropped month to month from 100% at the end of August.
What Does This Mean For Buyers In St George Utah?
Buyers who are looking for a property in St. George, Utah, can expect to see higher levels of inventory and less competition for homes. While most price markets have seen an increase in new listings others haven’t. Buyers can also be pleased to know that overbidding for homes has cooled.
Buyers should still continue with having financing in place and being ready to act when a property is found that matches their needs. As we enter the fall buying season, buyers should expect prices to gradually rise as inflation continues to be a concern.
What Does This Mean For Sellers In St George Utah?
The St. George real estate market currently favors sellers. While overbidding for homes has decreased, the summer buying season has been very active, and the number of days on the market before a property is sold has stayed below 20 days all summer.
As interest rates remain low, and buyer preferences shift, sellers can expect continued demand for their homes. If you have been on the fence about selling your home, right now is a great time to get off the fence and get your property listed today.
The Jackie Ruden Realty Team is the expert team of real estate professionals who have the knowledge and experience to help you find the perfect home or sell your investment quickly to net you the most money. Don’t hesitate, give us a call today at to get started!
If you are interested in buying or selling a home, take advantage of the knowledge and tools we provide on this site. As a buyer educate yourself as much as possible with the articles on the right-hand side of this page, and if you are considering selling your home take advantage of our free home valuation tool. Give the Jackie Ruden Realty Team a call today and we will put our expertise to work for you!
See Additional Reports on the St. George Real Estate Market
St. George Homes for Sale
Here are the most recent home listings just added to the database in the average sale price range for St. George. All homes here are priced at $445,500 or less.
Entrada Homes For Sale
