Spring has sprung, and so have the real estate trends in the St. Louis region! If you’ve been keeping an eye on the market or are thinking about buying or selling, now is the perfect time to dive in. Whether you’re a first-time homebuyer, a seasoned seller, or just curious about what’s happening, here's what you need to know about the local real estate scene in April 2025.
1. Seller’s Market Still Going Strong
It’s no secret: the St. Louis market has been favoring sellers for a while. With demand still outweighing supply in many neighborhoods, it’s a great time to list your home. Sellers are receiving competitive offers, often above asking price, thanks to a mix of low inventory and a steady stream of buyers. Homes in desirable areas—especially those near great schools and vibrant communities—are still flying off the market.
2. Interest Rates: The Slow Climb
As the economy continues to evolve, mortgage rates have begun to inch upward, though they’re still relatively low compared to historical averages. This means it’s a great time to lock in a rate before they go up even further. Homebuyers are still securing competitive deals, but those waiting for rates to drop might want to reconsider—waiting could lead to higher rates in the future.
3. Renovated Homes are Hot
Buyers are increasingly interested in homes that have been updated and modernized. Think new kitchens, energy-efficient appliances, and fresh paint. Whether it’s a mid-century gem or a cozy bungalow, buyers are willing to pay a premium for homes that don’t require a ton of work. For sellers, investing in smart updates can lead to significant returns.
4. Suburban Appeal
While the city is always a hot spot, suburban areas are seeing a resurgence in popularity, particularly as families seek more space, top-notch schools, and a slower pace of life. Areas like Webster Groves, Kirkwood, and St. Charles are seeing increased interest. With more people working from home, buyers are looking for homes with spacious layouts, dedicated office spaces, and outdoor areas perfect for family time.
5. The Rise of New Construction
With limited existing inventory, new construction homes are becoming an attractive option for buyers. Builders are responding to demand by constructing more homes, especially in up-and-coming areas and in neighborhoods that offer convenience to major highways, schools, and retail centers. If you're considering a brand-new home, there’s plenty to choose from, with modern designs and smart home features on offer.
6. Sustainable Homes are In
Green is the new black in real estate. Buyers are increasingly seeking energy-efficient homes with eco-friendly features like solar panels, efficient HVAC systems, and sustainable building materials. As the climate conversation grows, sustainability is top of mind for many homeowners. If you’re planning to sell, adding eco-friendly upgrades could make your property more desirable to environmentally-conscious buyers.
