Welcome to this month’s St. George, Utah, real estate market report, presented to you by the Jackie Ruden Realty Team. If you are thinking of buying or selling a home in beautiful St. George, read this helpful report to get up to date about what the market is doing.
Are you searching for the perfect home in St. George, Utah, area? Start searching here to find properties by price, size, location, and more. Be sure to save your favorites to tour, then, sign up to be notified as soon as new, similar properties become available so you don’t miss out! Give us a call and we can answer all your questions about buying a home in St. George!
Are you ready to cash in your investment and sell your home but not sure what it might be worth? Find out by using our free home valuation tool! Simply enter some basic information about your home and we will provide you a comprehensive market summary of what your home may sell for. Don’t hesitate, get started today, give us a call at (435) 272-7710!
St. George Utah Housing Stats
The average sale price for single-family homes in St. George, Utah, at the end of January 2022 was $583,767, which is a year-to-year increase of 18.11% from $494,272.
The average list price for single-family homes in St. George has climbed 39.4% from $716,750 at the end of January 2021 to $999,127 at the end of January 2022.
There were 382 properties sold last month, a decrease of 4.7% compared to the previous January. Of the 382 single-family homes sold last month, 127 of them were in the $500,749,999 price range. Homes priced in the $350-399,999 range accounted for 49 sales, and approximately 60 properties in the $750,000 and higher price range were sold during January.
There was a total of 449 single-family homes that went under contract during January, this is a year-to-year drop in pending activity of 19.4%, from 557 to 449. A total of 144 homes that went under contract were priced between $500-749,000, the next most active market was the $750-999,999 price range which had 63 properties go under contract, and the third most active price range was the $450-499,999 price market which had 42 properties go under contract.
A total of 440 new listings hit the market in St. George, this is down 12.2% compared to the 501 new listings to come to market in January 2021.
Single-family homes are on the market for an average of 34 days before being sold, down from 39 the previous January. The number of days a home was on the market before being sold dropped month to month, falling from 40 days in December.
Sellers were getting 98.5% of their list price at closing during January 2022, down from 99.5% one year ago. The month-to-month list price to sale price ratio has climbed from 97% in November 2021, to 97.5% in December.
What Does This Mean For Buyers In St George Utah?
If you are planning on buying a home in St. George, Utah, this year, be prepared for higher than average prices for single-family homes. Inventory levels have not kept up with demand, with less than one month of supply available, there is a lot of competition for homes.
Buyers should also understand that time is not on their side and prices for homes can increase unexpectedly. Buyers should have financing in place and be ready to act when a property is found. In some cases, buyers may need to forego wish list items they are seeking in a home.
If you are ready to buy a home in St. George, give us a call. We will put our expertise and knowledge to work for you to find you the perfect home. We work with you from finding the home, offering a competitive bid, and guiding you through to closing so you can get into your dream home as soon as possible!
What Does This Mean For Sellers In St George Utah?
Sellers who are seeing their property values increase may want to take the opportunity to get their home listed on the market to sell. The St. George real estate market currently favors sellers, and as interest rates remain attractive this trend will continue. There is strong demand for homes, especially for properties listed at $500,000 and higher.
While we expect these trends to continue, there could be a slowdown in activity if interest rates do begin to rise.
Sellers who have been thinking of selling should give us a call today. We work with owners of all property types to get their homes sold quickly. We know what buyers want in a home and we put our knowledge to work marketing the most in-demand features of your home and showing it to the most qualified of buyers. Give us a call today and let us get your home sold!
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 $583,767 or less.
Entrada Homes For Sale