Welcome to this month’s real estate market report for St. George, Utah. St. George is a community in southwestern Utah, that is a popular destination for nature lovers, hiking enthusiasts, and its agreeable climate. December was an active month for real estate buying and selling in St. George, total sales volume increased from November, and average sale prices ended the year slightly higher than the previous year. Find out more about the St. George real estate market in this helpful report.
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St. George Utah Housing Stats
The average sale price for single family homes in St. George, Utah, at the end of December 2024 was $575,470, this is up 3.4% compared to the previous December.
The year ended with the average sale price for single family homes up 4.79% compared to the end of 2023, rising from $$576,293 to $603,900.
There was a total of 372 single family properties sold during the month of December in St. George, this is 11.4% more sold than during December 2023.
For the year there was a total of 4,987single family listings sold in St. George during 2024, this is up 8.1% from 4,614 sold in 2023.
There was a total of 343 single family listings that went under a pending contract during December, this is up 18.7% compared to the previous December.
Total pending listings for the year were 5,155, this is up 8.5% from 4,753 total pending listings for all of 2023.
A total of 369 new listings hit the market in St. George during the month of December, this is up 7% compared to one year ago.
There was a total of 7,777 new listings to come to market in St. George during 2024, this is up 12.7% from 6,900 new listings to be offered in 2023.
There was a total of 1,859 active single-family home listings in St. George at the end of December, total active listings are up 20.3% year to year.
The year ended with a total of 9,169 active listings for 2024, this is up 9.5% from a total of 8,371 total active listings in St. George for all of 2023.
At the end of December there was 4.5 months of inventory available to buyers, inventory is up from 3.8 months of inventory available at the end of 2023.
Single family properties were on the market for an average of 78 days before being sold during the month of December, this is in line with an average of 75 days on the market before being sold at the end of 2023.
Sellers were getting 95.8% of their asking price at closing, this is up from 95.5% average at the end of 2023.
What Does This Mean For Buyers In St George Utah?
As we begin 2025 buyers looking for homes in St. George, Utah, can expect to find higher list prices on average and slightly more inventory available than at this time one year ago. While currently buyers may not have much competition for homes, as the new year begins, interest rates may drop, which may encourage buyers who have been sidelined to enter the market. Buyers who are actively looking should understand time is not on their side, and delays can increase the cost of buying a home.
Buyers should have financing in place and a plan of action before finding a home. Creating a buying strategy will create a better buying experience and can save you money by being prepared for any challenges. Let us help you find your perfect hoe today.
What Does This Mean For Sellers?
Sellers of single-family properties in St. George should understand that patience is needed at this time. On average during the first months of the new homes may take longer to sell in St. George. However, buying activity increased from November to December, and there may be more buyers ready to enter the market. As we head in to the new year, home values may rise as more buyers who have been sidelined begin to enter the market. If interest rates begin to fall, then sellers who have been on the fence about selling their home should get their property listed, and on the market as soon as possible.
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, we understand the dynamics of the current real estate market in St. George. We will put our expertise to work for you!
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 $575,470 or less.
