Welcome to this month’s St. George, Utah real estate market report presented by the Jackie Ruden Realty Team. The St. George area continues to be a very popular destination for home buyers. Single-family home prices are climbing and inventory levels are falling. Find out more with this helpful report.
St. George has a lot to offer home buyers, and if you are ready to buy a home begin your search here to find properties by price, size, location, and more. Save the favorite homes you would like to tour, then sign up to be notified when new properties that meet your needs become available so you don’t miss out.
Are you needing to sell your home but not sure where to start? The first step is to find out what your property may be worth using our free home valuation tool. Simply enter the information required and we will provide you with a comprehensive market summary of your home, suggesting a potential list price.
St. George Utah Housing Stats
The average sale price for single-family homes in St George, Utah, ended April 2021 at $512,900, a year-to-year increase of 33.76% from $382,844.
The average list price for single-family homes has climbed 53.29% compared to one year ago, up from $510,202 to $782,104.
Listing prices are also ahead of what they were as we ended the previous April, up 28% from $454,756 to $585,780.
There were 544 properties sold in St. George during April, up 33% from 409 sold the previous April. The $500-1,000,000 price range made up a third of all sales last month.
As the summer buying season picks up, the total number of properties closed is ahead of the pace of 2020, in front 20% from 1,644 closings to 1,979 homes closed so far in 2021.
A total of 628 new listings came to market in St. George last month, a year-to-year increase of 4%. Total new listings for the year as of the end of April were 2,246, down 17.9% from the 2,736 new listings at this time one year ago.
The total number of active listings for April was 395, down 76% compared to the 1,661 the previous April. The year-to-date number of active listings is 2,760 so far, 32% less than the 4,091 active listings at this time last year in St. George.
Single-family homes for sale in St George were on the market for an average of 22 days during April, a year-to-year drop of 57% from 52 days on the market before being sold.
The list price to sale price ratio climbed 1% month to month from 100.5% in March to 101.5% at the end of April, and up from 98% at this time one year ago.
Inventory levels remain low with less than one month of single-family homes available to buyers in St. George, and year-to-year inventory levels have fallen by half. Inventory levels have fallen from 3 months of inventory available at the end of April 2020.
What Does This Mean For Buyers In St George Utah?
As home prices climb and inventory in St. George remains low buyers can expect competing bids for homes. Some buyers may have to adjust their preferences or consider scaling up in price. If you find a home that meets your needs, you should assertively as homes are not in the market for very long.
We help buyers navigate the real estate market in St. George, we have the expertise and knowledge of the area to make your home search efficient and productive. Give us a call at (435) 272-7710 today to find out how we can help you find a beautiful home in St. George! St George, Utah!
What Does This Mean For Sellers In St George Utah?
The St. George area is currently in a market favorable to sellers. With low interest rates stimulating buying activity, any seller who has been on the fence should go ahead and get their property listed now rather than later.
To find out how we market and sell properties quickly and net you the most money, give us a call today at (435) 272-7710! We work on your behalf to show off the best features of your home to the most qualified of buyers!
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!
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 $512,900 or less.
Entrada Homes For Sale