The St. George real estate market is showing strong signs of growth in 2024. Home prices have gone up by 0.6% and now sit at a median of $500,000. This steady increase makes it a great spot for investors and homebuyers looking at Southern Utah.
Oak Real Estate experts say St. George is a top choice for real estate. It offers economic stability, a great lifestyle, and rising property values. This makes it a prime spot for investing in real estate.
The market’s strength comes from its past success. St. George was once the fastest-growing metro area in the U.S. from 2000 to 2006. It also saw big price gains in key years.
Key Takeaways
- Median home prices in St. George reached $500,000 in December 2024
- Market ranked number 6 in top 10 markets poised for recovery
- Foreclosures represent under 10% of the Southern Utah real estate market
- Housing inventory remains tight at 1-2 months
- Sustained growth trajectory from market lows in 2009
Current Market Overview in St. George
The St. George housing market is strong and full of opportunities for buyers and sellers. Recent data shows a detailed picture of property values and market trends. This information is key for those looking to invest or buy a home.
- Median list price stands at $568,987 in December 2024
- Median price per square foot: $269
- Total homes for sale: 315 properties
- Average listing age: 100 days
Median Home Prices and Sales Data
The Southern Utah real estate market shows different prices for different homes. The number of bedrooms greatly affects the price:
| Bedroom Count | Median Price | Monthly Change |
|---|---|---|
| 1 Bedroom | $310,000 | 0.0% |
| 2 Bedrooms | $331,900 | +0.6% |
| 3 Bedrooms | $469,900 | -0.5% |
| 4 Bedrooms | $649,900 | -1.9% |
Market Performance Indicators
St. George ranks sixth in markets ready to bounce back. The city has seen steady sales growth, with foreclosures under 10% of the market.
“The Southern Utah real estate market continues to show remarkable resilience and strategic opportunity for investors.” – Local Real Estate Expert
Year-over-Year Comparison
Looking at 2023 compared to past years, the market has shown steady performance. The average time on the market stayed at 77 days. Homes sold for about 95% of their original price.
Property Value Trends in Southern Utah
St. George’s real estate market is showing strong signs of resilience. It has unique dynamics that shape property values in Southern Utah. This makes it fascinating for those looking to buy or invest in the area.
Recent data shows big changes in St. George property values. The median list price is now $568,987, down by $21,012 (-3.6%) from last month. This small drop hints at a market that’s stabilizing with some great opportunities.
“The Southern Utah real estate market remains dynamic, with strategic investment chances for savvy buyers,” says a local real estate expert.
Now, let’s look at property value trends in key Southern Utah cities:
- Ivins: Sees a notable +9.9% increase
- Washington: Shows a modest +1.7% growth
- Saint George: Experiences a -3.6% adjustment
- Santa Clara: Sees a more significant -14.1% decline
| Bedroom Count | Median List Price | Price Change |
|---|---|---|
| 1 Bedroom | $310,000 | 0.0% |
| 2 Bedrooms | $329,900 | +0.6% |
| 3 Bedrooms | $472,400 | -0.5% |
| 4 Bedrooms | $662,900 | -1.9% |
| 5+ Bedrooms | $930,000 | -1.6% |
St. George property values show interesting patterns. While some areas see slight drops, the market’s strength remains. There are 315 homes for sale, up by 11.3% from last month.
Investors and homebuyers should see these trends as chances for smart entry into Southern Utah’s real estate market.
Housing Inventory Analysis
St. George’s real estate market is always changing. This affects both home sales and buying homes in St. George. The current housing inventory gives us interesting insights into the local property scene.
The St. George real estate market is very active. By September 2024, several important metrics showed us the current state of the market:
Available Properties by Bedroom Count
- Single-family home listings: 1,895 (16.5% increase from 2023)
- Total active listings: 7,590 properties
- Total new listings year to date: 6,199
Supply and Demand Dynamics
| Market Metric | September 2024 Data |
|---|---|
| Total Properties Sold | 365 single-family homes |
| Pending Contracts | 446 properties |
| Months of Inventory | 4.6 months |
New Construction Impact
Builders are working hard to meet market needs strategically. They are building about 65-70% of the new homes needed for growth. This limited supply keeps prices competitive and demand high in St. George.
“The St. George real estate market continues to demonstrate resilience and great opportunities for investors and homebuyers.”
For those looking to buy in St. George, note the average home price hit $599,785 in September 2024. This is a 5.94% jump from last year. The market is competitive, with sellers getting 96% of their list price on average.
St. George Real Estate Market Trends
The St. George real estate market is showing strong resilience and big changes. The forecast for St. George real estate is complex, with both opportunities and challenges. Market data shows big shifts that need to be closely looked at.
- Median sold price stayed at $250,000 in December 2024
- The market moved from being buyer-friendly to seller-friendly
- Prices for 3-bedroom homes saw big changes
The St. George Real Estate Market Trends show a detailed market environment. Property dynamics show interesting patterns in supply and demand.
| Market Metric | December 2024 Data |
|---|---|
| Median Price per Square Foot | $109 |
| Homes Sold | 3 homes (200% increase) |
| Available Homes | 13 properties |
| Market Hotness Score | 18.2 |
“The St. George real estate market continues to demonstrate remarkable adaptability in challenging economic conditions.”
Changes in inventory by bedroom count show strategic market shifts:
- 1 Bedroom: Stable inventory
- 3 Bedrooms: Decreased by 11.1%
- 4 Bedrooms: Consistent availability
Investors and homebuyers should carefully analyze these trends to make informed decisions in the St. George real estate market.
Price per Square Foot Analysis
To understand St. George home prices, we need to look at price per square foot. Southern Utah’s real estate markets have unique values. Buyers and sellers must know these patterns.
When we analyze property values, we see many factors at play. These factors affect prices in different areas and for different types of properties.
Neighborhood Price Variations
St. George home prices change a lot from one neighborhood to another. Several things impact the price per square foot, including:
- How close it is to amenities
- The quality of the schools
- The age and condition of the property
- Local development projects
Property Type Comparisons
In Southern Utah, different property types have different prices per square foot. Here’s a comparison:
| Property Type | Average Price/Sq Ft | Market Demand |
|---|---|---|
| Single-Family Homes | $269 | High |
| Condominiums | $235 | Moderate |
| Townhouses | $245 | Growing |
“Price per square foot is not just a number, but a story of value, location, and future growth.” – Local Real Estate Expert
Investors and homebuyers should carefully look at these pricing trends. This helps them make smart choices in the St. George real estate market.
Days on Market Statistics
Knowing how long homes stay on the market is key for buyers and sellers in St. George. Recent data shows interesting facts about home sales in Washington County.
In December 2024, homes in Washington County were on the market for an average of 108 days. This is a 17.1% jump from the 92-day average in the last month. This change is important for anyone thinking about selling a home in St. George.
“Market dynamics are constantly evolving, and tracking days on market helps buyers and sellers make informed decisions.” – Local Real Estate Expert
Listing Age Breakdown by Bedroom Count
| Bedroom Count | Average Listing Age | Market Trend |
|---|---|---|
| 1 Bedroom | 95 days | Stable |
| 2 Bedrooms | 102 days | Slight Increase |
| 3 Bedrooms | 110 days | Increasing |
| 4 Bedrooms | 118 days | Significant Rise |
| 5+ Bedrooms | 125 days | Highest Increase |
Important points for St. George Real Estate Market Trends include:
- Homes with more bedrooms tend to stay on the market longer
- 3-4 bedroom homes show the most substantial increase in listing age
- Smaller properties maintain more consistent market performance
Sellers should be ready for homes to be on the market longer, mainly for bigger homes. Setting the right price and staging well can help sell homes faster and attract eager buyers.
Neighborhood Market Performance
The St. George property values show a complex picture of different neighborhoods. Knowing these market trends helps buyers and investors make smart choices in Southern Utah.
Recent data shows big differences in property performance in local areas. Each neighborhood has its own unique market, showing the varied real estate scene in Southern Utah.
Washington Area Trends
The Washington area has seen a small growth of 1.7% in median list prices. This small increase shows a market that’s growing but staying stable.
- Median list price growth: 1.7%
- Property type diversity: Mixed residential
- Market stability: Consistent performance
Santa Clara Market Analysis
Santa Clara has seen a big drop in median list prices, down 14.1%. This drop might mean good chances for smart buyers in St. George.
| Market Indicator | Santa Clara Performance |
|---|---|
| Median List Price Change | -14.1% |
| Average Days on Market | 95 days |
| Inventory Level | Moderate |
Ivins Property Values
Ivins has seen a big jump in median list prices, up 9.9%. This shows the market is strong and could be a good place to invest.
“The Ivins market reflects the dynamic nature of St. George property values, showing great investment chances.” – Local Real Estate Expert
Investors and homebuyers need to look closely at these trends. This helps them make smart choices in the changing Southern Utah real estate scene.
Investment Opportunities in St. George
St. George is a great place for real estate investors looking for growth. Buying a home here offers many benefits in Southern Utah’s booming market. The forecast shows strong investment chances in different property types.
“St. George represents a strategic investment destination with promising growth trajectories” – Local Real Estate Expert
Investors have many options to choose from:
- Residential single-family homes
- Multi-family units
- Townhouse properties
- Emerging neighborhood developments
The St. George real estate forecast points out several key points that make it appealing:
| Investment Metric | Current Data |
|---|---|
| Median Investment Property Price | $592,000 |
| Average Market Time | 90 days |
| Average Offers per Property | 2 offers |
| Monthly Property Sales | 302 units |
Investors should think about population growth, job stability, and infrastructure plans. Washington County’s population is expected to double by 2060. This means real estate values could go up over time.
Oak Real Estate Services helps investors in many ways:
- Comprehensive market analysis
- Property staging consulting
- New construction insights
- Investment portfolio management
Buyer’s Market vs. Seller’s Market Analysis
The St. George housing market is complex, affecting both buyers and sellers. Recent data shows a detailed landscape where smart moves can greatly impact real estate deals.
By June 2024, the St. George housing market offers chances for both buyers and sellers. It’s a time of balance, where each side has its advantages.
Market Power Dynamics
Recent data shows a shift in the St. George home buying scene. Key statistics reveal important insights:
- Total housing inventory has grown by 36.7% from June 2023
- Homes for sale in Utah have increased by 11% year-over-year
- Average days on market have stayed around 35 days
Negotiation Leverage Points
To grasp market leverage, we must look at current trends. The St. George housing market offers unique negotiation chances:
| Market Indicator | Current Status |
|---|---|
| Sale-to-List Price Ratio | 26.6% (down 2.8 percentage points) |
| Percentage of Homes with Price Drops | 32.5% (up from 31.4% last year) |
| Mortgage Rates | 6.60% – 6.89% |
Buyers now have more negotiating power thanks to more homes and flexible prices. The market is complex, where smart planning can lead to big wins.
“In the current St. George housing market, knowledge is the most powerful negotiation tool.” – Local Real Estate Expert
Potential buyers should take advantage of the current market. It offers more room to maneuver than the intense competition of past years. The market’s slow return to normal is a chance for careful investment and smart home buying.
New Construction and Development
St. George real estate forecast shows exciting new projects in Southern Utah. The market is strong thanks to smart residential and commercial projects. These projects are changing the city’s look.
Recent trends in Southern Utah real estate are promising for new construction:
- Residential developments increasing in Washington County
- Commercial projects stimulated by regional airport expansion
- Innovative housing designs meeting modern buyer preferences
The St. George real estate forecast points to growth with careful steps. New construction starts have experienced fluctuations, showing slow but steady growth. Local developers are working on:
- Energy-efficient home designs
- Mixed-use community developments
- Smart home technology integration
“The future of Southern Utah real estate lies in sustainable, adaptive construction strategies” – Local Real Estate Expert
Market analysis shows interesting trends. While overall construction starts are cautious, St. George’s targeted projects show smart planning. The area’s growth, thanks to more people and jobs, is leading to new homes.
Market Recovery Indicators
The St. George Real Estate Market Trends show a strong recovery and growth. Utah’s housing trends are outstanding, making it a great place for investment. This is true for both property enthusiasts and investors.
St. George’s real estate market has made a big comeback. Important signs show it’s ready to grow even more. This journey shows the market’s smart economic moves and steady growth.
Historical Performance Data
Looking at the past helps us understand the market’s change. Utah’s real estate has shown some amazing traits:
- Median Home Value in Utah: $386,723
- 1-Year Appreciation Rate: +11.0%
- Home Value Appreciation over Eight Years: +100.3%
- Median Days on Market: 49 days
Future Growth Projections
The future looks bright for St. George’s real estate market. Trends suggest it will keep growing positively:
| Indicator | Current Value | Projected Growth |
|---|---|---|
| Median Home Value | $386,723 | +11.2% |
| Population | 3,161,105 | Steady Increase |
| Unemployment Rate | 4.3% | Stable |
“The St. George real estate market continues to demonstrate exceptional resilience and growth.”
Investors and homebuyers can look forward to a lively market. It promises great opportunities in the future. This is thanks to strong economic basics and steady market performance.
Oak Real Estate Services Overview
Oak Real Estate is a top choice for buying a home in St. George. We offer detailed services that turn real estate hurdles into chances for success. Our team helps clients navigate Southern Utah’s lively property market.
“Your trusted local experts in navigating St. George’s real estate journey”
Our services include:
- Professional home staging for selling a home in St. George
- New construction consultation
- Comprehensive market analysis
- Personalized client support
Knowing the local market is vital for real estate success. At Oak Real Estate, we offer deep insights into St. George’s property scene. This ensures clients make smart choices.
| Service Category | Specialization |
|---|---|
| Buyer Services | Property search, market insights |
| Seller Services | Home valuation, marketing strategy |
| Investment Consulting | Portfolio development, opportunity assessment |
Reach out to our team during our extended hours:
- Phone: (435) 640-7297
- Alternative Line: (435) 879-9255
- Hours: Monday to Friday, 9:30am to 8:30pm
Let Oak Real Estate be your strategic partner in St. George’s real estate market. We’re dedicated to making your property dreams come true.
Professional Home Staging Impact
Selling a home in St. George needs careful planning. Professional home staging is a key tool for sellers to boost their property’s value. It turns regular spaces into places that catch the eye of buyers.
Value Addition Through Staging
Home staging is more than just decorating. It’s a smart way to help buyers see themselves in the home. In St. George, staged homes connect with buyers on an emotional level, making them stand out.
- Staged homes sell 73% faster than unstaged ones
- Staging can raise the sale price by 6-20%
- 85% of buyers find it easier to picture themselves in staged homes
ROI Statistics
Home staging offers great returns for St. George sellers. The financial gains are clear and significant.
| Staging Investment | Potential Return |
|---|---|
| Cost of Staging | $1,500 – $3,000 |
| Potential Price Increase | 6-20% |
| Average Sale Price Boost | $30,000 – $90,000 |
“Home staging is not about creating a perfect home, but about creating an emotional connection with the buyer.” – Real Estate Staging Association
For those selling in St. George, staging is a smart choice. It changes how spaces look and highlights the best parts of the home. This can greatly increase the chances of a quick and profitable sale.
Mortgage Rates and Financing Options
Understanding mortgage rates and financing is key in St. George’s housing market. The area offers great chances for those looking to invest in Southern Utah’s lively real estate scene.
St. George’s mortgage rates are very appealing for homebuyers. As of December 2024, here are some financing options:
- 30-Year Fixed Mortgage: 6.375% interest rate (6.509% APR)
- 15-Year Fixed Mortgage: 5.5% interest rate (5.5% APR)
- 5/6 Adjustable-Rate Mortgage: 6.51% interest rate
“Buying a home in St. George has never been more accessible with competitive mortgage rates and diverse financing programs,” says local real estate expert.
Several factors affect mortgage rates and options:
- Credit Score Impact: Better credit scores mean better rates
- Economic conditions and market changes
- Financial health and debt levels
Local banks like Loan Remedy offer great rates with no application fees. This makes St. George’s housing market even more appealing. Buyers should look at their finances and compare offers from different lenders to find the best deal.
For those eyeing a home in St. George, knowing the mortgage scene is vital. The current market is good for both new and experienced buyers. It offers strong real estate chances in Southern Utah.
Local Economic Factors Affecting Real Estate
The St. George Real Estate Market Trends are closely tied to Southern Utah’s economy. Knowing the local economic factors helps understand the housing market and investment chances.
Utah’s housing trends show how economic signs affect property values and market conditions. Important factors include:
- Population growth and demographic shifts
- Job market expansion
- Infrastructure development
- Local economic resilience
“Economic indicators are the heartbeat of real estate investment opportunities” – Real Estate Insight Report
The local economy offers a detailed view of investment chances. St. George’s economy is strong, with key signs showing good real estate performance.
| Economic Indicator | St. George Performance |
|---|---|
| Population Growth | 3.2% Annual Increase |
| Job Market Expansion | 4.5% Year-over-Year Growth |
| Median Home Value | $517,550 |
| Average Market Time | 25 Days |
Investors and homebuyers should carefully evaluate these economic factors when considering property investments in St. George. The region’s strong economy suggests continued market stability and growth chances.
When thinking about investing, it’s smart to look at local job rates, infrastructure, and demographic trends. These factors directly affect property values and rental income.
Conclusion
The Southern Utah real estate market is full of opportunities for both buyers and sellers. With over 2,200 active listings in St. George, and median home prices around $524,000, it’s a stable market. Understanding these trends can help investors and homeowners make smart choices.
Oak Real Estate is dedicated to helping clients through the St. George Real Estate Market Trends. The market shows interesting patterns. For example, homes are on the market for 45 days, interest rates are near 6%, and seasonal changes affect buying times. These details are key for making the right move in Southern Utah real estate.
Getting expert advice is essential for those looking to buy or sell. Our team at Oak Real Estate provides detailed market insights and tailored strategies. We suggest looking closely at local listings, price trends, and your financial situation. Whether it’s your first home or adding to your portfolio, our help can be a game-changer.
Reach out to our experts at Oak Real Estate for personalized advice. We’re here to help you confidently navigate the Southern Utah real estate scene. Call us at (435) 640-7297 or (435) 879-9255 to set up a consultation. Let’s turn your real estate dreams into reality.