The St. George real estate scene has seen big changes recently. In December 2024, home prices went up by 0.6%, hitting a median of $500,000. Oak Real Estate is keeping a close eye on these trends to help buyers and sellers.
Understanding St. George home prices is key. The area is showing signs of strength, with small but important changes. These changes offer new chances for those looking to buy or invest.
The market is complex, with growth and changes happening. It’s important for buyers and sellers to stay up-to-date. Each trend can affect your investment and property value.
Key Takeaways
- St. George home prices increased 0.6% in December 2024
- Median home price reached $500,000
- Market shows signs of stability and growth
- Local real estate trends need careful analysis
- Oak Real Estate offers expert insights
For more info, call Oak Real Estate at (435) 640-7297 or (435) 879-9255. Our experts are here to help you understand the St. George housing market.
Current Market Overview: January 2025 Statistics
The St. George housing market is showing interesting changes in early 2025. These changes reflect big shifts in the Utah housing market. Pricing, inventory, and market performance are all important for buyers and sellers to understand.
St. George’s housing trends are complex. The median home list price has seen small changes. These changes are key for those in the real estate world.
Median List Price Trends
In January 2025, the median home list price in St. George was $563,333. This is a 2.7% drop from the last month. This small change might mean the market is adjusting.
- Current median price per square foot: $275
- Month-over-month price change: -2.7%
- Price range stability: Moderate
Housing Inventory Changes
The number of available homes in St. George has gone up a lot. There’s been a 37.5% increase in housing inventory compared to December 2024. This shows the market is changing.
| Inventory Metric | January 2025 Value | Change |
| Total Available Homes | 420 listings | +37.5% |
| New Construction | 35% of inventory | Stable |
Days on Market Analysis
The time homes spend on the market has dropped to 95 days. This is a 1.5% decrease from before. This small drop shows the market is active and buyers are interested.
“The St. George real estate market continues to demonstrate resilience and adaptability in 2025.” – Local Real Estate Analyst
These insights give a full picture of the St. George housing market. They help investors and homebuyers understand Utah’s changing real estate scene.
Price Fluctuations by Property Size
The St. George housing market shows interesting trends in property values. Different home sizes have unique price points. This reflects the changing real estate scene in the area.
Recent data reveals some key trends in St. George property values:
- 2-bedroom homes experienced a 6.1% price increase
- 3-bedroom homes saw a 5.5% price decrease
“Understanding these variations is key for those looking to buy or invest in St. George real estate.”
These price changes show the market’s complexity. Several factors play a role, including:
- Changing what buyers want
- Shifts in the local economy
- Changes in the area’s population
Investors and buyers should know that St. George property values are strong. The median house price is $338,752, a bit higher than the national average of $318,879.
Neighborhoods like Washington Fields and Little Valley are good for investment. They have growing populations, which supports solid real estate opportunities.
Market Performance Indicators in St. George
The St. George housing market is showing strong growth in 2024. People are watching key signs to understand the Southern Utah real estate scene.
Year-over-Year Comparison
St. George’s housing affordability is a big deal for buyers. The market has seen big changes in the last year. Here are some important numbers:
- Total homes sold in December 2024: 82 properties
- Year-over-year sales increase: 46.4%
- Average sale price: $730,000
- Median days on market: 12 days
Monthly Sales Volume
The sales volume shows how strong the market is and how interested buyers are. The latest numbers are quite impressive:
| Property Type | Total Listings | Sales Volume |
| Single-Family Homes | 1,895 | 365 |
| Pending Contracts | – | 446 |
Price Per Square Foot Analysis
The price per square foot is key to understanding property value and market trends. In St. George, the current situation offers some interesting facts:
“Market indicators suggest a stable yet dynamic real estate environment in Southern Utah.”
- Current price per square foot: $269
- Median list price: $568,987
- Total homes available: 315 properties
- Average listing age: 100 days
Buyers and investors need to understand the market’s complexity. There are differences in various neighborhoods and property types.
Inventory Levels and Availability
The St. George real estate market is seeing big changes in housing inventory. By January 2025, Washington County has seen a big change in available homes. This shows how complex the market is.
Looking at current inventory levels, we see interesting trends in St. George. There are 356 homes for sale now. This is a 37.5% increase from December 2024. This change is important for both buyers and sellers.
“Inventory changes are key indicators of market health and possible opportunities,” says a local real estate expert.
Here are some key points about the inventory:
- Active listings have gone up in different property types
- The absorption rate is about 4 months
- Some market segments are very competitive, making things hard to afford
| Property Category | Current Inventory | Price Range |
| Single-Family Homes | 245 | $325,000 – $645,000 |
| Vacation Rentals | 87 | $450,000 – $750,000 |
| Condominiums | 24 | $250,000 – $425,000 |
The St. George real estate market is showing strength. Inventory levels are stable, opening up chances for smart buyers and sellers.
Recent Changes in St. George Housing Market
The St. George housing market has seen big changes recently. These changes bring both challenges and chances for buyers and sellers. To understand these changes, we need to look closely at current trends and shifts.
Market Shift Patterns
Utah’s housing market, including St. George, is complex. The market has shown significant changes. Key signs point to new conditions:
- Home sales volume hit $95 million in August 2024, up from $92 million the year before
- The median sales price fell to $529,000, a 3% drop from July 2024
- The sales to list price ratio went down from 98% to 95%, showing a possible softening in the market
Buyer Behavior Changes
Homebuyers are adjusting to the changing market. Interest rates are a big factor in their decisions:
| Loan Type | Interest Rate | Market Impact |
| Conventional Loans | 6% | Moderate buyer caution |
| FHA Loans | 5.625% – 5.75% | Increased affordability |
Seller Response Trends
Sellers are adjusting their plans due to market changes. The median days on market now is 45 days, up from 33 in July 2024. New listings are priced at a median of $550,000 in August 2024.
The housing market is not just about numbers, but about understanding the nuanced shifts that impact both buyers and sellers.
Local developers like Lennar are adapting by introducing new communities. La Spazio, for example, will have 98 homes starting at $600,000s. This shows the market’s ability to grow and change.
Neighborhood Price Comparisons
Understanding the St. George housing market is key. It shows how different neighborhoods have their own prices. Each area offers something special for buyers and investors.
St. George’s property values change a lot from one area to another. This shows the area’s economic diversity. Buyers can find good deals by looking at these trends.
- Median house price in St. George: $796,413
- Cost of living: 9% higher than national average
- Housing costs: 25% above national benchmark
“Location remains the critical factor in real estate valuation,” says local real estate expert Michael Roberts.
Looking at neighborhood prices, we see some patterns:
- Washington: 0.0% year-over-year price change
- St. George: -2.7% year-over-year price change
- Santa Clara: -6.7% year-over-year price change
- Ivins: -7.1% year-over-year price change
What affects these prices? Local amenities, new projects, and who lives there. Buyers should think about these when looking at St. George homes.
How much you need to make to live comfortably depends on your family size:
• Single person: $50,000 – $60,000
• Couples without children: $80,000 – $100,000
• Families with children: $100,000 – $130,000
For those looking to invest, these comparisons can help. They can guide you in making smart choices in the St. George market.
Property Type Performance Analysis
The Southern Utah real estate news shows a lively market with different property types in St. George. It’s key for buyers and investors to know these details. This knowledge helps them find the best opportunities in the local housing market.
Single-Family Home Trends
St. George real estate has unique trends for single-family homes based on bedroom count:
- 2-bedroom homes saw a 6.1% price jump year-over-year
- 3-bedroom homes had a 5.5% price drop
- 4-bedroom homes saw a 1.5% price cut
Condominium Market Updates
Condominiums offer a unique investment choice in St. George’s real estate market. Recent data shows a steady trend with slight price changes compared to single-family homes.
| Property Type | Median Price | Annual Change |
| 2-Bedroom Condos | $350,000 | +6.1% |
| 3-Bedroom Condos | $475,000 | -2.8% |
New Construction Impact
New construction is changing the Southern Utah real estate news. New developments are affecting the number of homes available and what buyers want. This creates new chances for investors and homebuyers.
*Emerging market trends suggest a strategic shift towards more diverse housing options in St. George.*
Investors and homebuyers need to look at these trends closely. This helps them make smart choices in the St. George real estate market.
Seasonal Market Variations
The St. George housing market shows unique changes with the seasons. These changes affect the Utah housing market updates. Autumn brings small changes in real estate patterns, showing important details for buyers and sellers.
Key seasonal variations in the St. George housing market include:
- Slower market activity during fall months
- Decreased buyer demand compared to summer peaks
- Potential price adjustments reflecting seasonal trends
“Seasonal changes can dramatically influence local real estate performance,” says local real estate expert Emily Rodriguez.
Recent data shows interesting market trends:
| Season | Median List Price | Average Days on Market |
| Summer 2024 | $378,000 | 45 days |
| Fall 2024 | $372,500 | 52 days |
Current Utah housing market updates show a 10.1% decrease in pending home sales year-over-year. This trend offers chances for smart buyers and sellers in the St. George housing market.
Investors and homebuyers need to study these seasonal changes. This helps them make smart choices in the fast-changing St. George real estate scene.
Market Predictions and Future Outlook
The St. George housing trends are showing interesting dynamics as we look toward the future of Southern Utah real estate news. Investors and homebuyers are keenly watching the market’s evolving landscape.
Real estate experts predict a nuanced trajectory for the St. George housing market in the coming months. The current data suggests some intriguing patterns that could shape buying and selling strategies.
Short-term Forecast
In the immediate future, the St. George housing market is expected to experience subtle shifts. Key indicators include:
- Median home sale prices stabilizing around $562,200
- Average market time increasing to 55 days
- Slight decrease in total homes sold (projected 3,255 units)
Long-term Projections
The long-term outlook for Southern Utah real estate shows promising signs of growth and stability. Experts anticipate several key developments:
- Steady home value appreciation
- Potential mortgage rate stabilization around 6.34%
- Continued interest in local real estate investments
“The St. George housing market remains resilient, with opportunities for both buyers and sellers,” says local real estate analyst.
| Market Indicator | 2024 Projection | 2025 Outlook |
| Home Price Growth | 4.9% | 4% |
| Inventory Levels | 152,000 | Potential 11% increase |
| Mortgage Rates | 6.60% – 6.89% | Expected to drop to 6.34% |
The market continues to adapt to changing economic conditions, presenting unique opportunities for strategic real estate investments in Southern Utah.
Interest Rate Impact on Local Market
The St. George real estate market is dealing with complex interest rates. These rates affect how affordable homes are. Current mortgage rates are making it tricky for buyers and investors.
With interest rates around 6.5%, the St. George housing market is changing. These rates impact how much buyers can afford each month. They also affect how much power buyers have in the market.
“Interest rates are the silent architects of real estate market trends” – Local Real Estate Expert
Key Interest Rate Insights
- Current conventional loan rates hovering near 6%
- FHA loans offer slightly better rates, between 5.625% and 5.75%
- Market shifts are expected with interest rate changes
The local market shows interesting patterns with interest rates. With median home prices at about $524,000, financing is key for buyers.
| Loan Type | Current Rate | Monthly Impact |
| Conventional Loans | 6% | Higher monthly payments |
| FHA Loans | 5.625% – 5.75% | More affordable option |
Market predictions suggest interest rate cuts after the election. This could change the St. George real estate scene a lot. Buyers and sellers are watching these changes closely.
Strategic timing and understanding current rate trends can provide significant advantages in the St. George housing market.
Investment Opportunities in St. George
St. George real estate is a great choice for smart investors looking for good deals. The market is strong and growing, making it perfect for homes and investment properties.
To understand St. George’s property values, you need to look at important market signs and trends.
High-Growth Areas
Looking for the best places to invest in St. George? Check out these areas:
- Places close to new buildings and roads
- Areas with more jobs
- Neighborhoods with more fun activities
- Locations near schools
Return on Investment Analysis
The St. George real estate market has many investment options with different profit chances. When picking a property, think about these things:
| Property Type | Median Price | Estimated Annual Appreciation |
| Single-Family Homes | $475,000 | 3.5% |
| Condominiums | $350,000 | 2.8% |
| Multi-Unit Properties | $650,000 | 4.2% |
“Successful real estate investing is about strategic location and understanding market dynamics.” – Local Real Estate Expert
Recent state plans, like a $50 million program for first-time home buyers, make St. George’s real estate even more appealing to investors.
Local Economic Factors Affecting Housing
St. George’s housing market is closely tied to the area’s strong economy. Southern Utah real estate news shows how economic factors shape local housing trends. The city has seen a big jump in jobs, with nonfarm payrolls rising by 4.8% each year.
Important economic signs give us a peek into St. George’s housing trends:
- Unemployment rate decreased from 3.5% to 3.4%
- Population growth estimated at 4.2% annually
- Net in-migration averaging 5,625 people per year
The local economy brings both challenges and chances for the real estate market. A big change is the aging population, with 56% of growth being people aged 62 and older.
| Economic Indicator | Value | Trend |
| Annual Job Growth | 4.8% | Positive |
| Population Growth | 4.2% | Strong |
| Housing Vacancy Rate | 1.6% | Low |
“The economic landscape of St. George continues to be a driving force in the local housing market, attracting new residents and investors alike.”
The area might face issues like making homes affordable for middle-income workers. Washington County is projected to need 3,000-4,000 new housing units annually to meet future demand. This could shape Southern Utah real estate news in the future.
Conclusion
The Recent Changes in St. George Housing Market show a lively and changing real estate scene. The median list price in January 2025 was $563,333. This shows the market is strong and full of chances for buyers and investors.
St. George real estate is full of special chances because of a solid local economy and many housing types. These meet different lifestyle needs.
St. George is growing in population and has a stable economy. This makes it a great place for people looking to buy a home. The market is flexible, with a 37.5% increase in home inventory last month. Prices vary based on property size.
There are homes for all budgets, from affordable single-family homes to luxury estates. This variety meets different tastes and budgets.
Those interested in buying or investing in St. George real estate should plan carefully. It’s important to understand market trends, property types, and the local economy. Even with small price changes, St. George’s housing market is strong. It offers great chances for smart investments.
For help understanding this complex market, Oak Real Estate is here to assist. Our experts are ready to help Monday to Friday, 9:30am to 8:30pm. They can guide you through St. George’s real estate with expert advice and support.
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