Welcome to this month’s St. George, Utah, real estate market report. Real estate activity in St. George was slow for the month of January, average sale prices were lower than one year ago, and inventory levels fell each month during the fourth quarter of 2024. New listings have declined for three straight months and buying activity has also slowed. Find out more about the St. George real estate market in this helpful report.
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Are you ready to sell your but not sure of its value? Find out what your home may be worth by using our free home valuation tool. Simply enter some basic information about your home and we will provide a confidential market summary of your home along with a suggested list price. We also include a sales strategy for your home to sell your home quickly, in even the toughest markets. Find what your home may be worth today!
St. George Utah Housing Stats
The average sale price for single family homes in St. George, Utah, at the end of January 2025 was $565,682, this is down 18% compared to the previous January.
There was a total of 291 single family properties sold in St. George last month, this is down 12% from one year ago.
A total of 436 single family listings went under a pending contract in January, this is up 6.6% compared to January 2024.
There was a total of 723 new listings were offered to buyers in St. George during the month of January, new listing activity is up 12.6% from the previous January.
There is a total of 1,810 active listings in the St. George, Utah, real estate market, this is up 22% compared to this time one year ago. There is approximately 4.4 months of inventory available to buyers in St. George,
Single family homes were on the market for 82 days in January before being sold, and sellers were getting just 95.5% of their original list price at closing.
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 $565,682 or less.
