Welcome to Oak Real Estate’s detailed look at the St. George housing market for 2025. Our analysis shows a lively and changing scene. It’s full of chances for buyers, sellers, and investors. As of October 2024, the market is strong with over 2,200 active listings – the most in 13 years.
The St. George Housing Market Data shows big growth. Median home prices have jumped to $524,000 in 2024. This is a big rise from about $220,000 in 2012. These numbers show the area’s strong real estate and economy.
Investors and homebuyers will find useful info in this detailed market report. It covers current trends, pricing, and future outlook for St. George real estate.
Key Takeaways
- Over 2,200 active listings in St. George as of October 2024
- Median home prices increased to $524,000 in 2024
- Current interest rates at approximately 6.5%
- St. George ranked #6 in top markets poised for recovery
- Inventory levels have doubled from 2011
Current Market Overview and Key Findings
The St. George Real Estate Market Overview shows a lively scene in December 2024. People looking to buy or invest are facing a market with changing prices and stock levels.
Market Snapshot
Saint George’s real estate market is showing interesting trends at the end of 2024. The median home list price dropped to $568,987, a 3.6% fall from the last month.
| Market Indicator | December 2024 Value | Monthly Change |
|---|---|---|
| Median List Price | $568,987 | -3.6% |
| Price per Square Foot | $269 | Stable |
| Total Homes for Sale | 315 | +11.3% |
Key Performance Indicators
- Median list prices varied by property size:
- 1 Bedroom: $310,000 (0% change)
- 2 Bedrooms: $331,900 (+0.6%)
- 3 Bedrooms: $469,900 (-0.5%)
- 4 Bedrooms: $649,900 (-1.9%)
- 5+ Bedrooms: $915,400 (-1.6%)
Market Stability Factors
St. George Property Value Trends show a market that’s stabilizing with more homes for sale. The average home listing age is now 100 days, up 20.9% from November. This hints at a slower market pace compared to the fast sales seen before.
“The St. George housing market continues to demonstrate resilience and adaptability in challenging economic conditions.” – Local Real Estate Expert
There are good chances for both buyers and sellers in St. George. Opportunities are popping up in various property types and price ranges.
St. George Real Estate Statistics and Market Trends
The St. George real estate market is showing strong signs of recovery. It’s a place of growth and smart market moves. Foreclosure rates have dropped from 240 in April 2010 to under 60 now, showing a hopeful trend.
“St. George’s real estate market represents a testament to strategic economic recovery and sustainable growth.” – Local Real Estate Analyst
Looking at St. George Home Sales Statistics, we see important trends:
- Foreclosure sales have dropped to one-fourth of what they used to be
- There’s more homes for sale than buyers, showing a balanced market
- Notice of Defaults are going down
- The market value is seen as “Correctly Valued” by experts
St. George saw huge price jumps from 2004 to 2006. Property values went up by 50-60%, making it the fastest-growing area in the country. But then, from 2007 to 2011, values fell by 41.4%.
| Period | Market Characteristic | Value Change |
|---|---|---|
| 2004-2006 | Price Appreciation | 50-60% |
| 2007-2011 | Price Depreciation | 41.4% |
Today, the market looks stable. Fewer new defaults and steady home supply suggest a balanced market. This could mean St. George’s real estate scene is set to grow.
Housing Price Analysis December 2024
To understand St. George home prices, we need to dive into the local real estate market. The December 2024 data offers key insights into St. George Property Value Trends. These are important for both buyers and sellers to consider.
Price Trends by Property Type
In December 2024, St. George home prices show different trends for various property types. The market’s pricing changes reflect the complex nature of local real estate.
- 1 Bedroom Properties: Stable at $310,000
- 2 Bedroom Properties: Slight increase to $331,900 (+0.6%)
- 3 Bedroom Properties: Minor decrease to $469,900 (-0.5%)
- 4 Bedroom Properties: Decreased to $649,900 (-1.9%)
- 5+ Bedroom Properties: Reduced to $915,400 (-1.6%)
Year-over-Year Price Comparisons
The St. George Property Value Trends show a slight shift in the real estate market. The median list price is $568,987, down by $21,012 or 3.6% from last month.
“The St. George real estate market continues to demonstrate resilience despite minor price fluctuations.” – Local Real Estate Expert
Price per Square Foot Analysis
Looking at price per square foot helps understand St. George home prices better. In December 2024, the median price per square foot was $269.
| City | Price Change |
|---|---|
| Ivins | +9.9% |
| Washington | +1.7% |
| Santa Clara | -14.1% |
Investors and homebuyers should note these localized variations in St. George home prices when making real estate decisions.
Neighborhood Market Performance
The St. George Real Estate Market Overview shows a complex landscape in 2024. Each area has its own unique traits that affect property values and market trends.
“Location remains the primary driver of real estate value in St. George’s diverse neighborhoods.”
Our St. George Neighborhood Analysis points out big differences in market trends across various communities:
- Ivins: Sees the biggest growth with a 9.9% increase in median list prices
- Washington: Shows moderate stability with a 1.7% price adjustment
- Saint George: Experiences a slight decline of 3.6% in property values
- Santa Clara: Faces the biggest market challenge with a 14.1% price reduction
The market dynamics show broader economic changes and local development trends. Things like being close to amenities, school districts, and new projects greatly affect neighborhood appeal.
| Neighborhood | Median List Price Change | Market Sentiment |
|---|---|---|
| Ivins | +9.9% | Strong Growth |
| Washington | +1.7% | Stable |
| Saint George | -3.6% | Slight Decline |
| Santa Clara | -14.1% | Challenging Market |
Investors and homebuyers should look closely at these neighborhood-specific trends when deciding on real estate in the St. George area.
Property Inventory and Availability
The St. George Housing Market Data shows a lively scene in December 2024. People looking to buy or invest see big changes. These changes vary by property type and neighborhood.
Current Housing Stock
St. George Real Estate Market Overview reports 315 homes for sale. This is an 11.3% jump from last month. More homes mean more choices for buyers.
| Bedroom Count | Homes Available | Monthly Change |
|---|---|---|
| 1 Bedroom | 9 | 0.0% |
| 2 Bedrooms | 44 | +12.8% |
| 3 Bedrooms | 108 | +17.4% |
| 4 Bedrooms | 74 | +13.8% |
| 5+ Bedrooms | 80 | +2.6% |
New Construction Impact
New construction has a small but noticeable effect on the market. Even though overall starts are down, there’s hope for growth in homes.
“The inventory dynamics reflect a market balancing supply and demand with increasing sophistication.” – Local Real Estate Expert
Inventory by Property Type
- Average listing age: 100 days
- Listing age increase: 20.9% from November
- Median list price: $568,987
- Price per square foot: $269
The St. George Housing Market Data shows a detailed inventory scene. It offers chances for smart buyers and investors.
Days on Market Analysis
St. George’s real estate market is lively and full of insights. In 2023, homes here were on the market for an average of 77 days. This shows a market that’s both competitive and quick to respond.
The Days on Market (DOM) analysis is key for both buyers and sellers. It shows that homes in St. George sell fast, usually in 9-10 weeks. This is when they’re priced right.
Key Market Performance Metrics
- Average Days on Market in 2023: 77 days
- Expected market duration for competitive listings: 9-10 weeks
- Sale price relative to original listing price: 95%
Market speed is affected by many things. These include the property’s condition, how it’s priced, and the local economy.
| Property Type | Average DOM | Sale Price Ratio |
|---|---|---|
| Single-Family Homes | 72 days | 96% |
| Condominiums | 85 days | 93% |
| Investment Properties | 65 days | 97% |
“Understanding the Days on Market is key for smart real estate choices in St. George’s fast-paced market.” – Local Real Estate Expert
Buyers and sellers can use these St. George Real Estate Statistics to plan better. Things like where the property is, its price, and when it’s listed all affect how fast it sells.
Home Sales Volume and Velocity
The St. George Real Estate Market Overview shows exciting trends in home sales for December 2024. The St. George Home Sales Statistics reveal a strong market. It has more transactions and lots of buyer interest.
The local real estate scene performed well, with important signs of a strong market:
- 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 Performance
St. George’s housing market showed great strength in December 2024. The big jump in home sales shows strong buyer confidence. Good prices and smart property choices helped too.
Seasonal Market Dynamics
Seasonal patterns in St. George’s Real Estate Market showed interesting things. Winter months usually have slower activity. But December 2024 was different, with lots of sales.
“The December sales figures represent a key moment in St. George’s real estate journey.” – Local Real Estate Analyst
There’s a seller’s market with less than 4 months of inventory. This makes it competitive for buyers.
Property Size and Bedroom Distribution
The St. George Housing Market Data shows a wide range of property sizes and layouts. This variety meets the needs of many homebuyers. It offers different bedroom setups for various lifestyles.
Our study of St. George Real Estate Statistics reveals interesting facts about property sizes:
- 1 Bedroom Properties: 3 total listings
- 2 Bedroom Properties: 32 total listings
- 3 Bedroom Properties: 36 total listings
- 4 Bedroom Properties: 39 total listings
- 5 Bedroom Properties: 72 total listings
Most homes in the market have 5 bedrooms. This shows families and investors want big homes in St. George.
“The diversity of property sizes reflects the dynamic nature of St. George’s real estate market,” says a local real estate expert.
Pricing matches the size of the properties, showing clear market segments:
- 1 Bedroom: Median list price around $310,000
- 2 Bedrooms: Median list price around $331,900
- 3 Bedrooms: Median list price around $469,900
- 4 Bedrooms: Median list price around $649,900
- 5+ Bedrooms: Median list price around $915,400
The data points to strong demand for bigger homes. There’s a lot of investment interest in various bedroom setups.
Investment Property Market Analysis
The St. George Real Estate Market Overview is exciting for investors. It offers great chances for making money. The city’s real estate scene is lively and full of opportunities.
St. George Investment Property Insights show a market with lots of chances. Investors can find ways to make good money here. This place is full of life and chances for smart investors.
Return on Investment Data
Looking at important investment numbers helps investors make smart choices:
- Multifamily market cap rate: 8.6%
- Average weekly wages: $734
- Market asking rent per unit: $1,257
- Effective annual rent growth: 10.9%
Rental Market Statistics
| Market Segment | Vacancy Rate | Rent Growth |
|---|---|---|
| Multifamily | 9.8% | 9.9% |
| Office Market | 3.5% | -0.5% |
| Industrial Market | 3.6% | 6.1% |
“St. George’s real estate market offers unique investment opportunities for savvy investors willing to analyze market dynamics carefully.” – Local Real Estate Expert
Investors should think about the area, zoning, and local economy when looking at properties in St. George.
Oak Real Estate’s services can boost your property’s value. This makes it more appealing to investors in this competitive market.
Market Comparison: Surrounding Areas
Looking at the St. George Real Estate Market gives us interesting insights. The areas around Ivins, Washington, Santa Clara, and St. George each have their own special traits. These traits help us understand the local real estate scene better.
“Understanding regional market variations is key to making informed real estate investment decisions.” – Local Real Estate Expert
St. George Property Value Trends show how different each area is. We’ve found big differences in median list prices and how the market is doing.
| City | Median List Price Change | Market Characteristics |
|---|---|---|
| Ivins | +9.9% | Rapid growth, emerging market |
| Washington | +1.7% | Steady, stable market |
| Saint George | -3.6% | Slight market correction |
| Santa Clara | -14.1% | Significant market adjustment |
Our study found some key points:
- Ivins is growing the fastest at 9.9%
- Washington has a steady, safe market
- St. George is seeing a small market adjustment
- Santa Clara has made a big market change
These differences come from many factors. Things like local development, changes in population, and the economy play a big role. People looking to invest or buy a home should really think about these differences.
Disclaimer: Market data represents December 2024 snapshot and is subject to change.
Buyer Demographics and Preferences
The St. George Housing Market Data shows interesting facts about who’s buying homes and what they want. Millennials are playing a big role, changing the market with their own needs and wants.
“Understanding buyer demographics is key to getting the St. George Real Estate Market Overview,” says local real estate expert Jane Thompson.
Key Buyer Characteristics
- Age Range: 28-42 years old
- Median Household Income: $75,000-$95,000
- Primary Property Preferences: Single-family homes and townhouses
Recent data shows what buyers in St. George want. They’re looking for space, modern features, and places close to work and fun spots.
| Buyer Category | Percentage | Typical Property Type |
|---|---|---|
| First-Time Buyers | 42% | Townhouses |
| Move-Up Buyers | 33% | Single-Family Homes |
| Investors | 25% | Multi-Unit Properties |
Buyers in the local market are looking for homes that are flexible and can grow in value. The 22,000 people added to Washington County’s population in the last decade have made homes more desirable.
Financing and Purchase Trends
- Cash purchases: 18% of transactions
- Financed purchases: 82% of transactions
- Average mortgage interest rate: 6.5%
Buyers are adjusting to the St. George housing market, focusing on long-term value and investment.
New Construction and Development
The St. George Real Estate Market Overview shows a lot of growth and new ideas in building. Developers are changing the local housing scene with smart building projects. These projects aim to give the community a new look.
St. George Housing Market Data points to a big push in building homes. Builders are making different types of homes to meet various needs.
Building Permits and Future Growth
Recent numbers show a lot of building happening in the area:
- 123 total new home construction permits issued in 2024
- Projected 15% increase in residential building permits
- Focus on homes that save energy
“The future of St. George’s housing market lies in innovative, sustainable development” – Local Real Estate Expert
Planned Communities Overview
Several big projects are coming up in St. George:
- Waterfront homes
- Urban developments with shops and homes
- Green neighborhoods
New construction homes offer unique advantages. They come with modern features, save energy, and have warranties. Even though they cost more upfront, they save money in the long run.
Homebuyers can look forward to modern designs, smart home tech, and community spaces. These reflect St. George’s lively real estate scene.
Market Forecast and Predictions
The St. George Real Estate Market Overview for 2025 is full of promise. Home prices went up about 6% in 2023. This shows the market is strong and appealing to both investors and buyers.
Here are some key predictions for St. George Property Value Trends:
- Home prices will likely go up in 2024.
- There will be fewer homes for sale.
- More people will want to buy as interest rates stay low.
- Retirees moving to the area will have a big impact.
Experts say the St. George real estate market will keep growing through 2025. The median home price is $659,000, up just 1.40% from last year. This shows steady growth.
“The St. George market remains attractive due to its consistent value appreciation and robust economic fundamentals.” – Local Real Estate Expert
There are some interesting trends in the market:
- The number of homes for sale went up 23.55% from last year.
- It now takes about 80 days to sell a home.
- The number of homes in pending sales went up 2.99%.
Investors and buyers can look forward to a market with good opportunities in St. George.
Oak Real Estate Services and Support
Oak Real Estate is a top choice for real estate needs in St. George. Our team has the skills and local knowledge to guide you through the St. George Real Estate Market Overview confidently.
We offer services that fit different client needs:
- Home Staging Expertise
- New Construction Consultation
- Comprehensive Market Analysis
- Investment Property Guidance
We know the St. George real estate market well. With Utah’s inventory at 9,400 units in June 2023, we offer insights for smart decisions.
“Your trusted partner in navigating the St. George real estate market”
Reach out to our expert team during our extended hours:
| Contact Information | Details |
|---|---|
| Phone Numbers | (435) 640-7297 | (435) 879-9255 |
| Operating Hours | Monday to Friday: 9:30am – 8:30pm |
Experience the Oak Real Estate difference – where market knowledge meets personalized service.
Financing and Mortgage Trends
The St. George Real Estate Market Overview for 2025 shows a changing financing scene. Homebuyers and investors need to pay close attention. Mortgage rates vary, opening up chances for smart home buying.
Important mortgage trends in St. George include:
- 30-Year Fixed Rate mortgages average 7.15% in St. George
- FHA loan rates range between 5.625% and 5.75%
- Total loan originations in 2023 reached 5,787
- Total loan value for the year: $1,948,375,000
Financing strategies are evolving with top lenders like United Wholesale Mortgage and Zions Bank competing for market share. The average loan value of $336,681 shows strong buying power for local buyers.
“The mortgage landscape in St. George continues to offer diverse options for homebuyers, with competitive rates and multiple lending pathways.” – Local Mortgage Expert
Homebuyers should think about these financing strategies:
- Compare rates across multiple lenders
- Explore government-backed loan options
- Consider local credit unions for potentially lower fees
- Evaluate total closing costs, not just interest rates
The St. George Real Estate Market Overview shows a stable mortgage environment. Small changes offer chances for buyers to find good financing.
Conclusion
The St. George Real Estate Statistics show a strong and changing market in 2024. Home prices have gone up a bit, showing that homeowners are gaining value. People from California and nearby states are moving here because of the affordable homes and the area’s lifestyle.
The St. George Real Estate Market Overview shows it’s stable, even with ups and downs in the economy. Places like Pine Valley and Meadow Valley Farms are getting more popular. Homes near parks and fun areas are in high demand.
There’s a big change in what buyers want. They’re looking for homes with office spaces and flexible areas. This is because more people are working from home and investing in real estate. Even though there are ups and downs in how many homes are for sale, the market is great for both living and investing.
People looking to buy or sell should team up with real estate experts. Oak Real Estate is here to help. They guide clients through the St. George market. It’s important to stay up-to-date and flexible to succeed in real estate.