{"id":47726,"date":"2024-08-30T13:51:45","date_gmt":"2024-08-30T20:51:45","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=47726"},"modified":"2026-04-06T00:32:47","modified_gmt":"2026-04-06T07:32:47","slug":"home-values-in-st-louis","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-st-louis\/","title":{"rendered":"A 2024 Seller\u2019s Guide to Home Values in St. Louis"},"content":{"rendered":"

Wondering what your home is worth in the St. Louis market? Whether you’re thinking about selling soon, aiming to drop PMI<\/a>, or just keeping an eye on the local housing market, understanding your home\u2019s value is key for making informed decisions about your next steps.<\/p>\n

In this article, we’ll explore the latest home value trends in the Gateway to the West, offer tips on obtaining an accurate home value estimate<\/a>, and share straightforward\u00a0 strategies proven to enhance your property’s worth. Plus, we\u2019ll introduce you to tools that can help you maximize the value of your St. Louis home when it comes time to sell.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Already Own a Home? What's It Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n

<\/div>\n

Current home values in St. Louis<\/h2>\n

Since 2020, the median home value in the St. Louis metro area has climbed over 40%. In June 2020, the typical St. Louis home sold for $235,300. Fast-forward to June 2024, and that value has increased to almost $330,000<\/a>, according to data from St. Louis Realtors.<\/p>\n

St. Louis currently ranks 45th<\/a> on the FHFA\u2019s House Price Index list of Top 100 Metro Areas<\/a>, which tracks over 400 cities across all 50 states. While recent reports have alluded to the decline of the St. Louis\u2019s downtown<\/a>, city leaders are taking action to address the prevalence of vacant office buildings and storefronts, with talks of creating more residential opportunities.<\/p>\n

\u201cThe future of downtown is going to be a lot more mixing of uses. It\u2019s got to be a lot more residential. We\u2019ve already started to see that,\u201d said Kurt Weigle, senior vice president and chief downtown officer at Greater St. Louis, Inc., in an article by Fox 2 KTVI<\/a>.<\/p>\n

The table below illustrates how much home prices have increased in the St. Louis region over the last five years:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/strong><\/td>\nMedian home price<\/strong><\/td>\nPercent change year-over-year<\/strong><\/td>\n<\/tr>\n
2024 (June)<\/a><\/td>\n$329,900<\/td>\n+6.8%<\/td>\n<\/tr>\n
2023<\/a><\/td>\n$311,100<\/td>\n+3.7%<\/td>\n<\/tr>\n
2022<\/a><\/td>\n$300,000<\/td>\n+11.1%<\/td>\n<\/tr>\n
2021<\/a><\/td>\n$271,300<\/td>\n+17%<\/td>\n<\/tr>\n
2020<\/a><\/td>\n$235,300<\/td>\n+0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: St. Louis Realtors<\/a><\/em><\/p>\n

This dramatic increase isn\u2019t unique to St. Louis; it’s a phenomenon occurring across the entire country. According to the S&P CoreLogic Case-Shiller National Home Price Index, housing prices in the United States have jumped by over 50%<\/a> since the beginning of 2020.<\/p>\n

This trend has benefitted most homeowners, allowing them to build up significant equity<\/a> in their properties. They can then use this equity for various financial purposes, from investing in new properties and renovating existing homes to paying off debts and even saving for retirement. Earlier this year, ICE\u2019s Mortgage Monitor revealed that the average U.S. homeowner with a mortgage currently boasts about $299,000 in equity<\/a>.<\/p>\n

For comparison, the table below shows median home prices in suburbs surrounding St. Louis:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
City<\/strong><\/td>\nMedian home price<\/strong><\/td>\nDistance from St. Louis<\/strong><\/td>\n<\/tr>\n
Olivette<\/td>\n$630,000<\/td>\n14-18 min (12.1 miles)<\/td>\n<\/tr>\n
Chesterfield<\/td>\n$546,900<\/td>\n22-28 min (22.3 miles)<\/td>\n<\/tr>\n<\/tbody>\n
Glendale<\/td>\n$515,000<\/td>\n16-20 min (12.3 miles)<\/td>\n<\/tr>\n
Ballwin<\/td>\n$366,500<\/td>\n26-35 min (22.2 miles)<\/td>\n<\/tr>\n
Clayton<\/td>\n$659,700<\/td>\n12-16 min (8.6 miles)<\/td>\n<\/tr>\n
Ladue<\/td>\n$1,116,500<\/td>\n16-20 min (12.8 miles)<\/td>\n<\/tr>\n
Wildwood<\/td>\n$559,100<\/td>\n35-50 min (29.7 miles)<\/td>\n<\/tr>\n
Clarkson Valley<\/td>\n$912,000<\/td>\n26-35 min (23.7 miles)<\/td>\n<\/tr>\n
Des Peres<\/td>\n$680,000<\/td>\n18-24 min (17.6 miles)<\/td>\n<\/tr>\n
Brentwood<\/td>\n$270,000<\/td>\n14-20 min (9.5 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Home value averages of multiple public transaction sites<\/em><\/p>\n

Typical travel times 8 a.m. midweek<\/em><\/p>\n

In the next section, we\u2019ll introduce several helpful tools to estimate the value of your St. Louis-area home.<\/p>\n","protected":false},"excerpt":{"rendered":"

Explore home values in St. Louis, Missouri, estimate your home\u2019s worth, and discover expert tips to maximize your sale price.<\/p>\n","protected":false},"author":363,"featured_media":47728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,330],"tags":[],"class_list":["post-47726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-house-value"],"acf":[],"yoast_head":"\nA 2024 Seller\u2019s Guide to Home Values in St. Louis<\/title>\n<meta name=\"description\" content=\"Explore home values in St. Louis, Missouri, estimate your home\u2019s worth, and discover expert tips to maximize your sale price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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