The Best Time to Sell Your Home in Missouri
December 28, 2024
By: Aaron Eller
How do you know when it is the best time to sell your home in Missouri? Selling your home is a big decision that you shouldn’t take lightly.
When you rush to sell your house, you might leave money on the table and regret the headaches it can cause, but if you hesitate too long it could cost you more money if the market ends up turning. There are a few things you should consider when selling your house. Whether you want to list your house on the market or you want to sell without a real estate agent is a decision to make as well. The Missouri housing market is a more stable market than some of the big cities on the coasts, which can save you some headache of trying to time it perfectly.
What’s the Best Time of Year to Sell a Home in St. Louis, Missouri?
Selling a house in Missouri can be easier than some other markets but still has its own challenges. The market itself might not swing a ton one way or the other between different times of the year. Personal preferences might be a bigger impact than the market itself. Selling during the Holidays is usually considered a slower market. From Mid November to the beginning of the year, people are busy with family, school, traveling, jobs and so making a move to buy a new house might not be as appealing. On the flip side selling in the summer can give you less stress with your time but making a move in the Summer heat in Missouri is not for the weak!
Best time to Sell Your House
Selling your house in one time period versus the other is not going to make a huge difference. The end of year can be slower where people are busy with the holidays and heading into winter people don’t want to look at houses in the cold. The market usually picks up heading into spring and can be steady through summer with potentially a little slower on the super hot days and heading into the new school year young families might not pick that time to make a move.
Understanding the Missouri Real Estate Market can help you be at ease and pick the best time of the year for you to make a move into a new Home!
Missouri Housing market Trends: What you should know
According to Zillow Research Data, May is the best month to sell a house in Missouri. Homes listed in May also tend to sell 12 days faster on average. Remember that these trends can vary from year to year and can be affected by the global economy. The Federal Reserve has posted that they are expecting multiple rates cuts in 2025 which can help buyers get a lower mortgage payment. This could lead to an increase in buyers which could drive home prices higher and be a great time to sell a house. On the flip side if world conflicts get worse with wars intensifying around the war in Ukraine, Russia, and the Middle East, there is a potential for those to affect the economy here in the United States.
Competition in the Market
Simply aiming to sell during the busiest months might not be the best strategy. While there’s more activity in spring and summer, it also means more competition from other sellers. Conversely, selling in December might seem unappealing due to lower demand, but there are fewer sellers, so the competition could be lower.
Seasonal Trends
Fall: The market slows as many people settle into their homes for the end of the year.
Winter: This is typically the slowest time for real estate, but off-season buyers may be more serious and qualified. With Holidays like Thanksgiving, Christmas and New Years, many people are not choosing to buy a new house unless they need to like a job relocation.
Spring: High demand coincides with a lot of new listings, meaning more competition. People are excited about the New Year and the weather getting warmer.
Summer: Although both buyers and sellers are active, families often want to move before school starts, which can lead to quicker sales.
Missouri Median Home Sale Prices
According to Redfin, the median sale price for houses sold in Missouri was $263,000. This is an 8% increase from the previous year based on November 2024 data. Heading into 2025 based on the previous data, home sales and prices should see a slight increase heading into spring and summer with fall getting a little slower after school starts for kids.
When is it the Right time to Sell your House?
Once you have a grasp on Washington’s housing market trends, assess your personal situation. Certain circumstances may indicate that it’s time to sell, such as:
When Maintenance or Financial Struggles are Too Much: If you’re struggling to keep up with your mortgage or home maintenance, selling may provide relief
When Your Home Doesn’t Fit Your Needs: If your house is too large or too small for your current lifestyle, it may be time to downsize or upgrade.
When You Can Make a Significant Profit: If neighbors are selling for high prices, it might be a lucrative time to sell, even if it wasn’t initially part of your plan.
When Your Neighborhood is Changing: If your current neighborhood no longer meets your needs (e.g., increased traffic, school quality, parking issues), a move might be necessary.
Conclusion
Whether driven by personal needs or market trends, choosing when to sell your home in Missouri could slightly impact your financial outcome. By understanding local housing trends and considering your unique situation, you can pcik the right time to sell for you. If you’re unsure, consider reaching out to a local expert for further guidance. Give us a call today at 314-912-4939.
These market trends apply across Missouri, including areas in and around Jennings, Castle Point, O’fallon, Florissant, Hazelwood, Ferguson, Troy, Warrenton, and Mehlville.
If you need further assistance, please get in touch with us at (314) 912-4939. visit our website, to learn more about our company.
Get An Offer Today, Sell In A Matter Of Days
We buy houses across Missouri. If you need to sell your house fast, we promise to make you a fair, no-obligation, no-hassle offer. Take it or leave it. You’ve got nothing to lose. Still have questions? Contacting us could be the best decision you make all week! 🙂 (314) 912-4939
Additional Resources to sell your house in St. Louis
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