Welcome to this month’s St. George, Utah, real estate market report, presented to you by the Jackie Ruden Realty Team, St. George’s local expert realtors. The prices for single family homes has increased, and inventory levels have fallen month to month. What does this mean if you are buying or selling a home in St. George? Read this helpful report to find out.
Are you ready to buy a home in St. George today? Start here with our easy to use search tool to find homes by prices, size, location, and more. Make sure you save your favorite properties to tour, and then, sign up to be alerted as soon as new listings become available so you don’t miss out!
Are you ready to sell your home in St. George today? Pricing your home is crucial to getting the most out of your investment. Find out what your home may be worth with our free home valuation tool. Simply enter some basic information about your home and we will provide you with a complete market report with a suggested listing price for your property. It’s quick and easy, click here to get started!
St. George Utah Housing Stats
The average sale price for single family homes in St. George, Utah, at the end of November 2021 was $565,379, a 22.63% increase compared to the previous November. For the year single family home prices ahead 31.34% from $394,780 at the end of November 2020 to $518,502 at the end of November 2021.
Average list price for single family homes in St. George during this same time was $872,413, an increase of 21.21% compared to this month one year ago. Average list prices for the year have also climbed higher up 31.55% from $453,211 at this time on year ago to $596,199 at the end of last month.
There were 451 properties sold during November 2021, a drop of 16.6% compared to November 2020. The total number of properties sold for the year so far is down 8.7% from 5,945 sold by this time last year to 5,430 total sold at the end of November 2021.
A total of 531 properties went under pending listing status, pending activity increased year to year from 437 in November 2020 to 531 at the end of November 2021. Pending listing activity for the year so far is down 9.2% from one year ago, falling from 6,293 to 5,716 so far this year.
There 452 new property listings offered to market during November, just one more than the previous November. There has been a total of 6,639 new listings so far this year, also down just slightly from 7,002 at the end of the previous November.
The month of November saw an increase in total active listings compared to the previous November, active listings were up 17.1% from 666 to 780. Total active listings for the year so far is 7,161, a year to year drop of 14.6% from 8,386.
Single family homes were on the market for an average of 30 days before being sold, the number of days on the market average increased month to month from 22 in October. There is less than 1.6 months of inventory available, and sellers are getting 97.5% of their list price at closing.
What Does This Mean For Buyers In St George Utah?
Buyers looking to buy a home in St. George, Utah should know that home listing prices are increasing and that time is not on the side of the buyer. The good news for buyers is that inventory levels have slightly increased over the summer and fall. Also overbidding for homes has decreased and competition for properties has cooled, bright spots for buyers heading in to the winter.
Buyers should as always, have financing in place and be ready to act when a property is found. Even as activity has slowed, buyers should work with their agent to make sure their bid stands out. Call the Jackie Ruden Realty Team and find out how she makes buyers stand out to sellers!
What Does This Mean For Sellers In St George Utah?
While St. George, Utah, is still in a seller’s market, buying activity has slowed and the list to sale price ratio for sellers has dropped from 100% at the end of July to 97.5% at the end of November; also, homes are staying on the market for a longer period of time before being sold.
Sellers should have an agent on their side who will price their home correctly, and actively market it to qualified buyers. The Jackie Ruden Realty Team has the experience and knowledge to get your home sold quickly and net you the most money. Give us a call today so we can your property listed and 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 $565,379 or less.
Entrada Homes For Sale