Welcome to this month’s St. George, Utah real estate market report presented to you by the Jackie Ruden Realty Team. Are you wanting to know what the sale price of single-family homes in St George is? Are you considering selling your home and want to know if the timing is right? Read this helpful report to find out!
Are you ready to make a move to the beautiful city of St George, Utah? Start your home search here to find properties by price, size, location, and more! Be sure to save your favorite homes, then sign up to be notified as soon as new, matching properties become available. Then give us a call to find out how easy we make buying a home in St George!
Do you need to downsize or upgrade your home and are ready to sell? Pricing your home correctly is the first step to getting your property sold. Find out what your property may be worth with our free home valuation tool. Simply enter some basic information about your home and we will provide you with a marketing summary of the prices of your home correctly.
St. George Utah Housing Stats
At the end of March 2021, the average sale price for single-family homes in St George, Utah was $524,980, up 41.88% from $370,009 at the end of March 2020. Homes sold in the $500,000 and higher category have pushed average sale prices higher.
A total of 529 properties sold during the month of March, only slightly ahead of the previous March number of 500 sold. The total number of sold properties priced at $349,999 or less are down compared to this time last year. Price ranges that have seen a rise in sale numbers are homes priced at $450,000 and higher.
There were only 525 new single-family home listings to hit the market in St George during the month of March. New listings for the year are down 19%, showing a shrinking of available inventory.
Total active listings have also fallen over the last 12 months. At the end of March 2021, there are a total of 2,092 active listings in St George, this is 40% below the total number of active listings at this time last year.
A total of 564 properties went under contract during March, a year-to-year increase of 30% from 431. The total number of properties going under contract is ahead of last year’s pace, so far there has been 1,661 listings going under contract in 2021, up 18.1% compared to this time last year.
There is less than one month of inventory available to buyers in St George, inventory levels have decreased steadily from one year ago, falling from 3.5 months at the end of March 2020.
Buyer demand has put upward pressure on sellers list to sale price ratios, rising up to almost 101% of list price at closing. The list to sale price ratio has increased almost 4% over the last 12 months, up from 97.2% at the end of the previous March.
What Does This Mean For Buyers In St George Utah?
If you are planning to buy a home in St George it is better to act sooner rather than later. As home prices and interest rates continue to rise, buyers that are indecisive will see their purchasing power erode. Over the last couple of months, there has been an increase in overbidding of homes indicating a highly competitive real estate market.
Buyers should have financing in place and be prepared to act when a property is found. The Jackie Ruden Realty Team helps buyers from finding a home to closing on that property quickly. Give us a call at (435) 272-7710 today to find out how we can help you find a home in St George, Utah!
What Does This Mean For Sellers In St George Utah?
The upward trend in prices and competition might persuade any seller who might have been sitting on the fence to go ahead and get their property on the market today. As interest rates remain low and buyers move from restriction-heavy states, expect continued demand for single-family homes in St. George.
If you are thinking of selling your home but not sure how to get started give us a call today! We market the best and most in-demand features of your home to qualified buyers so that your home will sell quickly! Give Jackie Ruden Realty Team a call today at (435) 272-7710to get started!
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 $524,980 or less.
Entrada Homes For Sale