Welcome to this month’s real estate market report for the city of St. George, Utah. Buying and selling activity in the St. George area has increased compared to this time one year ago. Single family home sales increased month to month in St. George and home prices have climbed 8% from the previous year. Find out more about real estate activity in St. George in this helpful report.
Are you looking to buy a home in St. George today? Start your search here to find properties by price, size, location, and more. Be sure you save your favorite listings that you want to tour, then, register to be notified as soon as new listings become available so you don’t miss out! Get started today.
Are you ready to sell your home in St. George but not sure at what price to sell for? Know the true value of your home by using our free home valuation tool. To get started simply enter some basic information about your home, and we will provide you a confidential market summary for your home, along with suggested listing price. Find out what your home is worth today!
St. George Utah Housing Stats
The average sale price for single family homes in St. George at the end of April 2024 was $653,715, which is up 8.8% from year to year.
There was a total of 436 single family homes sold in St. George during the month of April, this is up 17% compared to the previous April.
There was a total of 574 single family properties that went under a pending contract in April, this is a 26% increase compared to the previous April.
A total of 737 new listings hit the market in St. George last month, new listing activity is up 38% compared to April of last year.
There is a total of 1,615 single family property listings for sale in St. George, total active listings compared to the previous April are up only 3.9%.
Single family homes were on the market for an average of 74 days before being sold during the month of April, this is only a 1% increase from one year ago. Sellers were getting 96.5% of their original list price at closing.
There is a total of four months of single-family home inventory available to buyers in St. George at the end of April, inventory levels have stayed at the same level for the last three months.
What Does This Mean For Buyers In St George Utah?
Buyers who are searching for a home in St. George can expect to see higher list and sale prices for single family homes. There is strong competition for homes in the $500-749,000 market and $1,000,000 and higher price market. Single family housing inventory is at approximately the same levels as one year ago.
What Does This Mean For Sellers?
The market for single family homes in St. George continues to favor sellers. Sales volume was higher in April, and there was an increase in the list price to sale price ratio. There were more homes sold during March than the past three months and sellers were getting more for their homes this year than the year before.
There is still competition for homes among buyers, while sellers can expect to see a slowdown in activity, the summer season could see a spike in home buying activity. Inventory levels still remain under the four and half month mark, and buyers are still searching for homes.
Sellers who are thinking of selling their homes should prepare to get their homes properly valued and listed today. Give us a call today and we can prepare a selling plan for you!
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 $653,715 or less.
