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MARKET UPDATE
SAINT CHARLES, MO
63301
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City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.50 - 1.0
Top/First $ 499,000 3140 acre 4.0 3.5 36 185 16 3 289 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 275,000 2314 acre 4.0 2.5 185 27 9 220 Upper-middle 25% of properties
8,001 -
Lower/Third $ 194,900 1758 10,000 sqft 3.0 2.5 40 185 27 8 185 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 145,000 1205 10,000 sqft 3.0 2.0 6 185 27 11 146 Least expensive 25% of properties
Median Price
The market has been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.
Quartile Prices
Price weakness is evident across the board. All four quartiles have been in price decline in recent weeks. Look to the Market
Action Index as a leading indicator of the bottom of the market.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 210 days. Half of the listings have come newly on the market in the
past 130 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
8,001 -
Top/First $ 325,000 2565 10,000 sqft 4.0 3.0 54 15 3 328 Most expensive 25% of properties
8,001 -
Upper/Second $ 225,000 1760 10,000 sqft 3.0 2.5 54 5 1 250 Upper-middle 25% of properties
8,001 -
Lower/Third $ 164,900 1347 10,000 sqft 3.0 2.0 6 55 7 1 162 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 125,000 1014 10,000 sqft 3.0 1.0 70 55 8 5 151 Least expensive 25% of properties
Median Price
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the
Market Action Index to predict how long this trend will last.
Quartile Prices
In the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have been
mixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market Action
Index as a leading indicator of the trough in the market.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 223 days. Half of the listings have come newly on the market in the
past 133 or so days.