St. Joseph Missouri Real Estate Trends 2023 Update

Did you know that the median list price for homes in St. Joseph, Missouri is $152,164, with a significant increase of 9.1% compared to the previous year? This surprising statistic reflects the thriving real estate market in St. Joseph and highlights the opportunities available for both homebuyers and investors.

As more people are drawn to the charm and affordability of St. Joseph, the housing market continues to flourish. In this article, we will delve into the latest real estate market trends, property statistics, and market insights to provide you with a comprehensive analysis of the St. Joseph housing market in 2023.

Key Takeaways:

  • The median list price for homes in St. Joseph, MO is $152,164, with a 9.1% increase from the previous year.
  • The housing market in St. Joseph, MO is experiencing positive growth and presents attractive opportunities for homebuyers and investors.
  • Stay tuned for detailed information on housing prices, supply, market forecast, and the best neighborhoods to buy a home in St. Joseph.
  • Washington Township and Country Club are recognized as the best neighborhoods to consider for homebuyers.
  • Explore the St. Joseph real estate market trends and make informed decisions for your next home purchase or investment.

Housing Prices in Saint Joseph, MO

When considering the real estate market in Saint Joseph, MO, one key factor that homebuyers and investors pay close attention to is housing prices. The median list price for homes in Saint Joseph stands at $152,164, representing a significant 9.1% increase compared to the previous year. This positive trend in housing prices is indicative of a thriving market in Saint Joseph, MO.

The median list price can vary depending on the number of bedrooms in a home. For 1-bedroom properties, the median list price is $62.2K, while for larger 5+ bedroom homes, the median list price increases to $249.9K. These variations in prices provide homebuyers with a range of options to suit their specific needs and preferences.

“The housing prices in Saint Joseph, MO have shown a notable upward trajectory, reflecting the strong demand and growth in the real estate market.” – Me, Real Estate Journalist

For a visual representation of the housing prices in Saint Joseph, MO, please refer to the table below:

Number of Bedrooms Median List Price
1 $62.2K
2 $103.8K
3 $139.5K
4 $183.7K
5+ $249.9K

To further explore the housing market in Saint Joseph, MO, it is essential to consider not only the prices but also other factors such as housing supply and market forecasts. These insights help potential homeowners and investors make informed decisions in this dynamic real estate landscape.

Housing Supply in Saint Joseph, MO

When it comes to the housing market analysis in Saint Joseph, MO, understanding the housing supply is crucial. As of the latest statistics, there are currently 248 homes for sale in the area, showing a 2.5% increase compared to the previous month. This indicates a growing inventory of available properties for potential buyers.

However, it’s worth noting that the supply of homes varies based on the number of bedrooms. There has been a notable increase in the availability of 2-bedroom homes, with a rise of 6.3% compared to the previous month. On the other hand, the supply of 1-bedroom homes has decreased by 40.0%.

These real estate statistics highlight the shifting dynamics of the Saint Joseph housing market, with a clear demand for certain property configurations. Potential buyers looking for larger homes or investment opportunities may find more options among the 2-bedroom properties currently available in the area.

Furthermore, the average listing age has decreased from 111 days to 77 days, indicating a faster pace of home sales. This suggests a healthy level of market activity and a potentially competitive environment for buyers.

With the increasing housing supply and the faster pace of home sales, it becomes essential for both buyers and sellers to stay informed about the current market dynamics in Saint Joseph, MO.

Understanding the housing supply in Saint Joseph provides valuable insights for individuals looking to enter the real estate market. Whether you are searching for your dream home or considering investment opportunities, staying up-to-date with property market insights is crucial for making informed decisions.

Feature Comparison of Housing Supply in Saint Joseph, MO

Number of Bedrooms Supply Change (%)
1 Bedroom -40.0%
2 Bedrooms +6.3%

Saint Joseph Housing Market Forecast for 2024

In 2024, the housing market in Saint Joseph, MO is projected to remain stable, providing valuable opportunities for potential homebuyers and investors. The average price throughout the year is forecasted to range from $113,683 to $118,097.

January 2024 will open with an average price of $115,386, indicating a positive start to the year. The market is expected to reach its peak in March 2024, with an average price of $117,152. These forecasts offer valuable insights into the real estate market trends, allowing individuals to make informed decisions.

“The stability of the housing market in Saint Joseph, MO suggests a favorable environment for both homebuyers and investors. The forecasted prices for 2024 show a consistent and reliable market.”

Whether you are planning to buy a home or invest in the real estate market, these insights into the Saint Joseph housing market forecast for 2024 can help you make informed decisions. With stable prices and a positive market outlook, Saint Joseph, MO presents attractive opportunities for both homebuyers and investors.

Best Neighborhoods in Saint Joseph, MO to Buy a Home

When looking to buy a home in Saint Joseph, MO, there are two neighborhoods that stand out as the best options: Washington Township and Country Club. Both neighborhoods offer unique features and attractive real estate opportunities.

Washington Township

Washington Township offers excellent schools and beautiful parks, making it an ideal choice for families looking to settle down.

In Washington Township, a 3-bedroom house has a median price of $166,300. This neighborhood provides a combination of quality education and recreational facilities for residents. With top-rated schools and well-maintained parks, families can enjoy a high standard of living in Washington Township.

Country Club

Country Club neighborhood is known for its historic charm and upscale homes.

With a median home price of $262,500 for a 4-bedroom house, Country Club offers a unique blend of classic architecture and modern amenities. The neighborhood’s historic charm, tree-lined streets, and access to premier shopping and dining establishments make it an attractive destination for homebuyers seeking upscale living.

Both Washington Township and Country Club present enticing options for buyers looking to invest in the Saint Joseph, MO real estate market. Whether you prioritize excellent schools, beautiful parks, or historic charm, these neighborhoods provide a range of attractive choices for potential homeowners.

Saint Joseph Housing Market Forecast for 2025

The housing market in Saint Joseph, MO is projected to continue its stable growth in 2025. As a real estate professional, it is crucial to stay informed about the latest trends and forecasts to make informed decisions. According to the Saint Joseph Housing Market Forecast, the average home price is expected to open at $116,358 in January 2025. This is a promising start to the year, indicating a positive trajectory for the local market. Homebuyers and investors can take advantage of this period to explore opportunities and make strategic investments.

As we move further into the year, the forecast shows that the average home price in Saint Joseph, MO is projected to reach a peak of $118,284 in May 2025. This suggests a steady increase in property values, making it an opportune time for sellers to list their homes. With the market on an upward trend, homeowners can leverage their equity and maximize their returns.

The Saint Joseph Housing Market Forecast is an invaluable tool in understanding the dynamics of the local real estate market. Whether you are a first-time homebuyer or an experienced investor, staying informed about the projected trends can help you make informed decisions.

“The housing market in Saint Joseph, MO is projected to continue its stable growth in 2025. The average home price is expected to open at $116,358 in January 2025 and reach a peak of $118,284 in May 2025.”

Why is the Saint Joseph Housing Market Forecast important?

Understanding the Saint Joseph Housing Market Forecast provides valuable insights into the direction of the market. It helps potential homebuyers determine the optimal time to purchase a property and plan their budget accordingly. For investors, this forecast can guide investment strategies, such as identifying neighborhoods that are likely to experience higher appreciation rates.

The forecast is based on comprehensive data analysis, including historical market trends, economic indicators, and demographic factors. It combines these insights to project future market conditions, allowing stakeholders to make informed decisions based on reliable information.

The Benefits of the Saint Joseph Housing Market Forecast:

  • Identify opportunities for homebuyers and investors
  • Plan and adjust budget and investment strategies
  • Stay ahead in a competitive market
  • Understand market dynamics and trends

By analyzing the Saint Joseph Housing Market Forecast, real estate professionals can guide their clients with expert advice and assist them in achieving their real estate goals.

Saint Joseph Housing Market Forecast for 2026

In 2026, the housing market in Saint Joseph, MO is projected to maintain its stability. Experts forecast the average home price to range from $114,535 to $123,217. This indicates a moderate level of growth, offering potential opportunities for homebuyers and investors in the area.

The market is expected to open in June 2026 with an average home price of $116,661. As the year progresses, prices are anticipated to reach a peak of $118,719 in October 2026. These projections highlight a steady and sustainable growth trend in the Saint Joseph housing market.

Year Average Home Price
January 2026 $116,661
February 2026 $117,539
March 2026 $117,808
April 2026 $118,153
May 2026 $118,501
June 2026 $118,719
July 2026 $118,537
August 2026 $118,390
September 2026 $117,970
October 2026 $117,850
November 2026 $117,703
December 2026 $117,311

These forecasts provide valuable insights for individuals looking to buy or sell a home in Saint Joseph, MO. As the market maintains its stability, it presents a favorable environment for those interested in the real estate industry.

Saint Joseph Housing Market Forecast

Saint Joseph Housing Market Forecast for 2027

The housing market in Saint Joseph, MO is forecasted to continue its steady growth in 2027. The average home price is projected to open at $119,900 in July 2027 and reach a peak of $122,953 in August 2027. These forecasts provide valuable insights for individuals planning to buy or sell a home in the area.

As we analyze the Saint Joseph housing market trends, it becomes evident that the forecast for 2027 is optimistic. With a projected increase in average home prices, individuals looking to invest in real estate can anticipate potential returns on their investments.

It is crucial for both buyers and sellers to stay updated on the housing market trends in Saint Joseph, MO. By understanding the property market insights and housing market forecast, individuals can make informed decisions regarding their real estate transactions.

Benefits of the Saint Joseph Housing Market Forecast

The Saint Joseph Housing Market Forecast for 2027 offers several benefits to those interested in the real estate market:

  • Strategic Planning: With a forecasted increase in average home prices, sellers can strategically plan to list their properties during peak months to maximize their profitability. On the other hand, buyers can plan their purchases based on projected price fluctuations.
  • Investment Opportunities: The housing market forecast provides valuable insights for individuals looking to invest in real estate. By identifying the projected growth in average home prices, potential investors can capitalize on opportunities for long-term financial gain.
  • Market Analysis: The forecast enables market participants to analyze trends and patterns in the Saint Joseph housing market. This analysis helps individuals understand the current state of the market and make informed decisions based on historical and projected data.

“The Saint Joseph Housing Market Forecast for 2027 allows buyers and sellers to make educated decisions. By understanding the forecasted trends, individuals can navigate the real estate market with confidence and make smart choices.”

Conclusion

The St. Joseph, Missouri real estate market is currently experiencing positive trends, with an increase in median home prices and a stable housing supply. This indicates a strong and resilient housing market in the region. The housing market analysis and property market insights indicate a promising future for both homebuyers and investors in St. Joseph.

According to the housing market forecast, the stability is expected to continue in the coming years. This forecast provides valuable opportunities for individuals looking to enter the housing market or make investments in St. Joseph. It is a favorable environment for those seeking long-term growth and stability in their real estate investments.

For homebuyers seeking the best neighborhoods to invest in, Washington Township and Country Club are highly recommended. These neighborhoods offer a combination of desirable amenities, beautiful parks, excellent schools, and attractive home prices. They provide ideal options for those looking to purchase a home in St. Joseph, ensuring both comfort and investment value.

In conclusion, the St. Joseph, Missouri real estate market is showing positive growth, with a stable housing supply and promising forecasts for the future. For anyone considering buying a home or investing in the area, the current trends and market analysis indicate an opportunity worth exploring. St. Joseph offers a favorable environment for real estate enthusiasts.

FAQ

What is the median list price for homes in Saint Joseph, MO?

The median list price for homes in Saint Joseph, MO is $152,164.

How much did the median list price increase compared to the previous year?

The median list price in Saint Joseph, MO increased by 9.1% compared to the previous year.

What is the range of median list prices based on the number of bedrooms?

The median list price varies based on the number of bedrooms, ranging from $62.2K for 1-bedroom homes to $249.9K for 5+ bedroom homes.

How many homes are currently for sale in Saint Joseph, MO?

There are currently 248 homes for sale in Saint Joseph, MO.

How does the housing supply in Saint Joseph, MO differ based on the number of bedrooms?

The housing supply in Saint Joseph, MO has shown an increase in 2-bedroom homes (+6.3%) and a decrease in 1-bedroom homes (-40.0%).

What is the average listing age for homes in Saint Joseph, MO?

The average listing age for homes in Saint Joseph, MO has decreased from 111 days to 77 days.

What is the housing market forecast for Saint Joseph, MO in 2024?

The average price in Saint Joseph, MO is projected to range from $113,683 to $118,097 in 2024, with an opening average price of $115,386 in January and a peak of $117,152 in March.

Which are the best neighborhoods in Saint Joseph, MO to buy a home?

Washington Township and Country Club are considered the best neighborhoods in Saint Joseph, MO to buy a home.

What is the housing market forecast for Saint Joseph, MO in 2025?

The average home price in Saint Joseph, MO is projected to range from $116,358 to $118,284 in 2025, with an opening average price of $116,661 in January and a peak of $117,152 in May.

What is the housing market forecast for Saint Joseph, MO in 2026?

The average home price in Saint Joseph, MO is projected to range from $114,535 to $123,217 in 2026, with an opening average price of $116,661 in June and a peak of $118,719 in October.

What is the housing market forecast for Saint Joseph, MO in 2027?

The average home price in Saint Joseph, MO is projected to range from $119,900 to $122,953 in 2027, with an opening average price of $119,900 in July and a peak of $122,953 in August.

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