St. Charles Real Estate Market Trends
The St. Charles real estate market is constantly changing. Many factors influence it including the national and local economy, world events,
buyer perception and a host of other variables. Keeping track of local market conditions is important for several reasons:
Your home is your primary asset and real estate has historically appreciated over time. Understanding how much your home is
appreciating is useful in determining your equity position. If you are planning a move sometime in the near future, understanding
seasonal and long-term market fluctuations will allow you to better plan your move and know what to expect while your home
is on the market. Market condition reports are run monthly and contain information on the previous month's sales data. If you have
any questions or would like a custom market report, please contact me.
December Market Conditions
Detached Style Single-Family Homes
The median price of homes on the market in St. Charles rose in the month of December, going from $555,000 in November to $569,900 in
December. Also, the average price of homes sold during the same period rose significantly - going from $377,500 to $445,000. The number of homes
on the market continued to drop in December, from 637 units to 605. However, during that time, the number of homes sold also dropped from 51 in
November to 41. The drop in number of homes on the market caused an overall reduction in inventory from 15.7 months in November to
11.5 months in December while the average days on market spiked down significantly from 105 to 80 days.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
Attached Style Single-Family Homes
The median price of homes on the market in St. Charles stayed steady in December, remaining at $254,715. At the same time, the median sales
price rose from $200,000 to $230,000 - partially erasing the decline in November. During the same time, the number of units on the market dropped
from 120 to 112 - however, the number of homes sold during the same period also dropped from 15 to 13. Inventory during the month of December dropped
significantly from 12.2 months in November to 3 months in December - these figures may be incorrect due to fact that sales dropped during the same
time and the number of homes on the market didn't drop significantly. Overall, the average days on market also dropped significatnly from
105 to 87.
Access these detailed reports here:
December Median Sales
December Supply and Demand
December Inventory
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