As we roll into the end of January, frozen to the bone, here are the stats to start out 2025 in St. Charles. This analysis encompasses a comprehensive view of St. Charles’s single-family home market across all price points and property types, including both detached and attached homes, regardless of seller type, square footage, or bedroom count.
St. Charles average price comes in strong at a very impressive $465K, a 4.6% increase over the last year.
There are 92 homes for sale, a 26% increase year over year.
Average days on market, although well below the normal average, is slowly creeping up. We’re at 38 days on market, about a 18% increase over the past year.
Price per square foot continues to climb, now at $214/sq ft. This is an 8% increase over the previous year.
There are a meager 1.6 months of supply of homes available. This is trending upwards, however, with a 14% increase over the past year.
How often does someone have to show their home until it sells? Currently, about 11 times. This is a 14% DECREASE over the past year.
And finally, you can see that there are 747 homes under contract in St. Charles, a 22% increase from last year. Even in this market, and every market, homes continue to be bought and sold every day.
That’s all I have for today. I appreciate you taking the time to read my newsletter. If you think I could improve on it, then please reach out with your comments.
All data courtesy of InfoSparks. I am not a financial advisor, nor an attorney. Do not misconstrue any of this to be financial advice, and I recommend that you contact an advisor or an attorney if you have those types of questions.