St. Louis Real Estate Market Update: Sunset Hills

Located in the southwest section of St. Louis County, highway 270 runs through the middle of Sunset Hills, resulting in a short commutes to most of the St. Louis area.

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Sunset Hills Real Estate Market Update:

How Much Do Sunset Hills Homes Cost?

Since 2012, the median sale price in Sunset Hills, MO has increased each year. With the overall housing market increasing in the last few years, homes in good condition are seeing their value increase.

With only 35 sales in Sunset Hills so far this year, the median sale price isn’t as meaningful of a statistic as in areas with higher sales volume since a couple of high or low priced sales makes a major impact on the median.

Here is the distribution of home sales so far this year in Sunset Hills:

• $100,000 – $200,000 – 6
• $200,000 – $300,000 – 5
• $300,000 – $400,000 – 8
• $400,000 – $500,000 – 2
• $500,000 – $600,000 – 3
• $600,000 – $700,000 – 3
• $700,000 – $800,000 – 3
• $800,000 – $900,000 – 1
• $1.0mm – $1.4mm – 4

How Long Does It Take to Sell a Sunset Hills Home?

CDOM stands for Cumulative Days on Market. This statistic tracks how long it takes for a home to get a contract that ultimately closes. The cumulative part means that this number does not reset just because a seller changes agents unless the home comes off the market for at least 60 days.

While median sale price has been increasing in the last few years, the time it takes for Sunset Hills homes to sell has been dropping. So far this year, 80% of the homes that sold in Sunset Hills got an accepted contract in 60 days or less and half sold in just 2 week or less.

Successful Sales vs Failed Attempts to Sell:

If you want to live in Sunset Hills, you will have found fewer homes available each year over the last few years. The higher number of sales in 2011 and 2012 was partially due to the buildup of sellers waiting to sell due to the depressed housing market from 2008-2010. Now that those home sellers have successfully sold, the number of annual sales is more limited.

With so few homes available for sale in popular Sunset Hills, almost all of the homes have successfully sold this year.

With home sale prices going up, homes selling faster and very few homes available, a home purchase in Sunset Hills, MO is a good investment. 

Are You Thinking About Moving?

I specialize in selling St. Louis homes regardless of whether they will be the hot listing to hit the market or if they have a challenge that makes it much harder to sell.  I also work with buyers who want to find the home of their dreams, but don’t want to overpay.

If you are thinking of buying or selling a home in the St Louis area, give me a call at 314-265-8073 and let’s talk about your options.