Welcome to this month’s St. George, Utah real estate market report. Are you curious to know how the real estate market in St George has performed over the last month? Are prices going up or down? Is now a good time to buy or sell a home in St George? Find out the answers to these questions and more by reading this helpful report.
Are you planning to buy a home this year? You can begin your search here by using or home search to find properties by price, size, or location. Make sure to save your searches and sign up to be notified as soon as new matching properties become available. Then give us a call and we will answer all your home buying questions!
Are you relocating or downsizing and need to sell your home? If you are, the first step is to know what your home might be worth. Find out quickly by using our free home valuation tool. It’s free and simple to use! Answer some questions about your home and we will provide you with an estimate of its potential market value. Then give us a call so we can get your home listed and on the market today!
St. George Utah Housing Stats
The average sale price for single-family homesin St. George, Utah, ended September 2020 at $404,654, an increase of 14.33% from $353,948 at the end of September 2019.
Year to date sale prices have increased compared to this time last year, up 12.1% from $343,000 to $369,000.
Average list prices for single-family homes has increased from one year ago as well, up 33% to $638,719 from $480,194. Average list prices have also inched up for the year, up 9.0% from $411,460 to $448,552.
A total of 579 homes were sold during September 2020, an increase of 33% from 433 sold during the previous September. There has been a total of 4,624 single-family homes sold so far this year in St. George, outpacing last year’s number to date of 4,147.
St George also had a steep year-to-year increase of pending contracts for the month of September, 662 homes went under contract, up 65.9% compared to this time last year. The number of pending contracts so far this year is higher than at this time one year ago, up from 4,359 to 5,217.
Available inventory for single-family homes has shrunk from year to year, falling from 3.4 months of inventory during September 2019 to 1.6 months at the end of September 2020. Inventory has declined for the last year in St. George, as preferences change and more buyers have entered the market.
Sellers of homes in St. George are getting 98.7% of their asking price for their homes, an increase from 98.0% at the end of August 2020.
Single-family homes were on the market for an average of 55 days before being sold, a decrease from 64 days at this time last year. The number of days on the market a home stays before being sold has decreased from 72 days at the beginning of this year and is approaching the 50-day average from October 2019.
What Does This Mean For Buyers In St George Utah?
Buyers searching for homes in St. George, Utah can expect to see higher prices and fewer homes available on the market. As interest rates remain low and more people seek homes to purchase, buyers need to be ready to act when the perfect property is found. Give us a call today so we can help you find the perfect home!
What Does This Mean For Sellers In St George Utah?
St. George is currently in a seller’s market as inventory shrinks and competition for homes continues. Sellers who have been sitting on the fence should go ahead and get their home listed today!
It is important for sellers to have a strategy to sell their home, we help sellers do this by pricing their home correctly, presenting its best features, and helping you net the most amount of money possible. Give us a call today to 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!
See Additional Reports on the St. George Real Estate Market
St. George Homes for Sale
Here are the most recent home listings just added to the database in the median sale price range for St. George. All homes here are priced at $404,654 or less.
Entrada Homes For Sale
