By: Aaron Eller

February 17, 2025

How Much Is Your House Worth?

A Complete Guide to find out your homes value for Missouri Home Owners

If you’re trying to figure out how much is your house worth, you’re not alone. Many homeowners in St. Louis and throughout Missouri ask this question, whether they’re thinking about selling, refinancing, or just curious about their home’s value. In this guide, we’ll break down the factors that determine home values, how to estimate it accurately, and how Cash Offer Man can provide a fast, fair cash offer for your home, so you know what you can sell it for when the time comes. 

About Cash Offer Man

At Cash Offer Man, we specialize in buying homes in St. Louis and the surrounding areas of Missouri for cash, in any condition. We offer homeowners the flexibility to sell fast or on their timeline, without the hassle of repairs, commissions, or uncertainty. Whether you’re selling due to foreclosure, divorce, or simply want to sell without a realtor, we’re here to help. Fill out the form at the top of this page and our team will give you an offer on your home and also go over what your house is worth if you are curious about your home’s value, all for free of course. 

The Main Factors That Affect Home Values

Several key elements determine how much your home is worth. Understanding these can help you make informed decisions when selling. Although some houses may look alike there are many factors that go into what a house is worth besides what it looks like on the outside. Knowing these variables can help you not sell for less than your house is worth when that time comes. 

Location of the Home

One of the biggest factors influencing home value is location. The desirability of your neighborhood, proximity to amenities, and overall market conditions in St. Louis will all play a role in how much your home is worth. This factor is both a macro and micro determinant. On the macro side, St. Louis’ current average home price is at $171,463 according to Zillow while the average value of a house in Los Angeles is $967,128. This shows that the large scale location of metro cities vastly change home prices but on the micro side location also matters. The average home price in Hazelwood, Missouri was $150,000 last month reported by Redfin, while Chesterfield, Missouri had an average home price of $620,000 last month. This shows that location makes a big difference in price based on the overall metro city but also the individual cities within a metro market vastly change the price. The rule of thumb is to try and stay as close to your house as possible when comparing other homes that have recently sold. If you can stay within a quarter mile that is advised. 

Condition of the House

The physical condition of your home matters. A well-maintained home will generally sell for more than one that needs repairs. However, if your home requires extensive work, selling to a cash home-buying company like Cash Offer Man can save you time and effort. The condition is also influenced by location. In higher price areas like Chesterfield or Clayton, the buyers looking for houses expect homes to be in pristine condition with luxury finishes when they are buying houses for above average price in St. Louis. While more affordable areas like North County and North St. Louis City, the condition might not affect the price difference as much. As long as it is in good livable condition a buyer might be interested in a house that needs minor work. 

Size of the House

Larger homes with more square footage typically have higher values. However, price per square foot varies depending on location and demand. In higher price areas like West County, buyers traditionally want larger lots with larger homes. Giving them more space makes the homes more appealing when at a higher price point. In the lower price areas, having a 3 bedroom 2 bath house is always the preferred home size compared to 2 bedrooms or 3 bedrooms and 1 bath. In St. Louis basements are also a plus, the majority of houses have basements and if your basement is finished or partially finished that will add value to your home. 

Age of the Home

Newer homes often have higher values due to modern construction, updated systems, and energy efficiency. However, older homes with historic charm in desirable areas can also hold strong value. In South St. Louis City the average home is close to 100 years old or older, making rehabs and updates more expensive and extensive with the older style home builds. Most of the houses in South City, St. Louis are brick builds with flat roofs making them a different type of house compared to the rest of the metro area primarily being single family ranch styles. The good rule of thumb when comparing home values is to try and stay within 10 years of the year the house was built in either way. 

More Specific Factors That Determine House Value

Amount of Bedrooms and Bathrooms

The number of bedrooms and bathrooms significantly impacts home value. More bedrooms and bathrooms generally lead to a higher sale price, as they provide more livability and convenience. The ideal amount that the majority of buyers are looking for in St. Louis area homes with 3 or more bedrooms and 2 or more bathrooms. This gives the greatest appeal to families that need the extra bedrooms or bathrooms to live in. Having a finished basement can also add to this, even if a room in the basement is not permitted, having a bonus room for a family can be a plus and add value for people looking for extra space. 

Features of the Home (Basement, Garage, Pool, Yard Size)

Neighborhood (Gated, HOA, Amenities)

Homes in gated communities or neighborhoods with homeowners’ associations (HOAs) often have higher values due to added security, maintenance, and amenities. The HOAs bylaws and regulations can impact your home’s value. If the HOA bans rentals that will block investors from wanting to buy your home. The cost of the HOA is also an important factor for potential buyers. 

School District

If you’re from St. Louis you know everyone talks about what high school they went to. Being in a top-rated school district can significantly impact home value, as many buyers prioritize education quality when choosing where to live. This is a big factor that determines different municipalities home prices as well. Looking at the School District boundaries should be a priority if you’re looking to buy a new home or are curious of what your current house is located in. 

Crime Rates of the Local Area

Safety is a major concern for buyers. Areas with low crime rates tend to have higher property values than those with higher crime rates. The highest crime areas of St. Louis are by far North City and South City of St. Louis compared to the Counties. These higher crime rates discourage potential home owners from wanting to buy in the City unless they can get a good deal. There are other pros to living in the City that can attract people but the biggest con of the city for most people is the Crime. 

Renters vs. Homeowners in the Area

Neighborhoods with a higher percentage of homeowners typically have higher property values than those with a high concentration of rental properties. Owner-occupied homes tend to be better maintained, increasing overall neighborhood appeal. Municipalities that block rentals like Dellwood has recently done can hurt the homes values drastically when no investors can buy there anymore because the city is no longer giving rental licenses unless a particular block has less than 30% rentals which in Dellwood, no block has. Check out this article on selling a rental property in St. Louis, MO.

How to Find Your House Value

There are several ways to determine your home’s value. Here are the most common methods:

Appraisal Criteria

A professional appraisal is one of the most accurate ways to determine your home’s value. An appraiser is a licensed and regulated person who acts in the third party, not for a seller or a buyer, to determine what a house is worth. It’s important to not you don’t always sell your house based on the appraisal. Selling your house is when you (the seller) and a buyer get into an agreement on a price. Then an appraiser will make sure if there is a lender involved that the lender isn’t lending too much money. If the appraisal comes back higher than your price with the buyer it might be hard for you to back out or ask for more money, while if the appraisal is lower than the offer the buyer might not be able to achieve financing for the purchase. With cash sales there are no appraisals and the sale amount can be higher or lower than fair market value depending on what the buyer and seller agree on.  Appraisers consider factors such as:

• Recent sales of comparable homes
• Market trends
• Home condition
• Location and neighborhood impact

Comparable Sales (Comps)

Looking at recently sold homes similar to yours in size, location, and condition can give you a good estimate of your home’s worth. These want to be in the same factors as discussed above. Look at houses that sold within the last 6 months to a year ago at the latest, the more recent the sale the better. 

Comparative Market Analysis (CMA)

Real estate agents provide a CMA by analyzing recent sales and current market trends to estimate your home’s value. This is typically used when listing a home for sale. Reach out to our team today and we will send you a complete CMA on your Home for completely free

Sell Your House for Cash in St. Louis

If you need to sell your house fast, Cash Offer Man provides a hassle-free way to get a fair cash offer. Whether you’re selling due to financial difficulties, an inherited home, or simply want to avoid the traditional sales process, we can help. Fill out the form below or atop of this article and we will send you a free market analysis on your home going over exactly what your house is worth today in the current market. 

Why Choose Cash Offer Man?

• Sell Your House Fast: Close in as little as 7 days.
• Sell Without a Realtor: No commissions or fees.
• Sell As-Is: No need for repairs or cleaning.
• Get a Fair Cash Offer: No lowball offers or hidden fees.

Get a Cash Offer Today!

If you’re ready to sell your house fast in St. Louis, contact Cash Offer Man today for a no-obligation cash offer. Whether you’re selling to stop foreclosure, during a divorce, or simply want a hassle-free sale, we’re here to help.

By understanding how much your home is worth and exploring your options, you can make the best decision for your situation. Whether you sell on the market or choose a quick cash sale by selling without a realtor, knowing your home’s value is the first step to a successful transaction.

Missouri Home Buyers

We buy houses in Missouri, Springfield, Jennings, Columbia, Hannibal, Troy, St. Charles, Hazelwood, Florissant, Bridgeton, Oakville, Afton, and Arnold just to name a few. If you have a house located in Missouri and want to get an offer, fill out the form below and our team will get you an offer right away!