sales declined slightly from the previous month and inventory available increased to 4.4 months. Seller sold-to-list ratio increased month to month and the number of days a home was on the market before being sold decreased over this same time. Find out more about the St. George real estate market in this helpful report.
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St. George Utah Housing Stats
The average sale price for single-family homes in St. George, Utah at the end of September 2023 was $566,423, which is down 8% from one year ago.
The year-to-date average sale price of single-family homes in St. George is $575,678, which is down 7.4% from the 2022 year-to-date average of $621,888.
There were a total of 397 single-family properties sold in St. George one month ago, a 4.7% increase in homes sold compared to the previous September.
For the year so far there has been a total of 3,530 single-family properties sold, this is down 7.7% from the 3,826 sold by the end of September 2022.
A total of 416 single-family properties were pending sale at the end September, this is an increase of 26.8% in pending sales from one year ago.
Year to date pending sale activity in St. George is up just 0.2% from 3.749 to 3.756 compared to one year ago.
There were a total of 656 new single family properties listed during the month of September, this is the same number of new listings to hit the market during the previous September.
For 2023 there has been a total of 5,491 new listings to hit the market in St. George, this is down 9.2% from a total of 6,050 new listings at this time in 2022.
There are a total of 1,597 single family properties available to buyers in St. George, this gives St. George 4.4 months of supply available.
The year to date total number of active listings in St. George is 6,963, this is up 5.5% from 6,597 new listings at this time in 2022.
Single family properties were on the market for an average of 62 days before being sold during September, and sellers were getting almost 97% of their original list price at closing.
What Does This Mean For Buyers In St George Utah?
If you are preparing to buy a home in St. George, you can expect single-family home prices to be slightly lower than one year ago. Overall inventory of single-family properties has increased year to year. Market activity has increased compared to one year ago, and competition for homes has increased sellers’ sale price to list price ratio, meaning buyers on average pay 97% of sellers’ list price.
Buyers looking for a home in St. George should realize that time is not on their side, sale prices and interest rates continue to climb, and some buyers could be priced out of the market. Buyers should have financing in place and be ready to act when a property is found.
What Does This Mean For Sellers In St George Utah?
The market for single-family properties in St. George favors sellers. Demand continues as the average number of days a home is on the market before being sold continues to decline and sellers’ original list-to-sale price ratio climbed to 96.8%.
During September sales activity in the $750-999,999 market saw a steep year to year increase in sales. Sellers of homes in higher-end markets have experienced a year to year decrease in sales. Sellers can expect buying activity to continue to remain moderate into the final quarter of 2023.
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 566,423 or less.
Entrada Homes For Sale