For years, Chesterfield Missouri (MO) has been considered a desired place to both live and work. We’re known for our schools, shopping, restaurants, parks, public services and so much more.
As it relates to Chesterfield MO real estate, the proof is in the numbers. In general, Chesterfield home values continue to grow annually. In addition to new homes construction, offices, senior living communities and retail seem to be popping up everywhere. We’re all excited to see the development Downtown Chesterfield and The District (at the site of the old Talbot Outlet Mall).
I don’t know about you, but I’m can’t wait to see what becomes of the Chesterfield Mall site.
Homes For Sale In Chesterfield – A Numbers Game!
Over the years, I’ve become increasing aware that residential real estate is a numbers game. Sure, we can’t ignore the emotional component, but when it comes right down to it, a good real estate agent uses market trends and neighboring comparable sales to determine how to best position a home to sell – quickly and for more. We’ll save those insider tips for another article.
63017 Home Sales In Chesterfield – 3 Year Trend
During the 2018-2020 calendar years, there were over 2,100 homes (single family and condos) sold in the 63017 zip code (as reported on MARIS, MLS). This does not include Chesterfield homes that were sold by owner, not listed (exempt) on the MLS, or sold in zip code 63005. On average, the final sold price of homes sold in 63017 came in about 2.4% below the original list price and about 2% below the home’s list price at the time it went under contract.
Of the 2,100 homes sold, 1,498 were single family homes and the 655 were condominiums/villas.
Believe it or not, the value of all of the single family (SF) homes sold was $665,973,000. The average price per square foot sold was $169 (vs. $173 original list price), with a median sales price of $400,000. The average days on market (DOM) was 46. DOM is the amount of time it takes from the day a property is listed until it goes under contract.
63005 Home Sales In Chesterfield – 3 Year Trend
During the 2018-2020 calendar years, there were over 1,100 homes (single family and condos) sold in the 63005 zip code (as reported on MARIS, MLS). This does not include Chesterfield homes that were sold by owner, not listed (exempt) on the MLS, or sold in zip code 63017. On average, the final sold price of homes sold in 63005 came in about 2.4% below the original list price and about 2.5% below the home’s list price at the time it went under contract.
Of the 1,100 homes sold in the 63005 zip code, 1,043 were single family homes and the 57 were condominiums/villas.
Believe it or not, the value of all of the single family (SF) homes sold was $735,189,000. The average price per square foot sold was $200 (vs. $205 original list price), with a average sales price of $667,354. The average days on market (DOM) was 64. DOM is the amount of time it takes from the day a property is listed until it goes under contract.
Chesterfield Condos – There Is A Market!
Just to account for the balance of the sales over the past 3 years, here’s what condo sales looked like. The average price per square foot of the 483 condos sold was $170 (almost 10% below SF homes of $186) and median sales price was $300,000.
Reasons To Hire A Real Estate Agent to Sell Your Home In Chesterfield
According to the National Association Of REALTORS® 2020 Profile of Home Buyers and Sellers, 92% of homeowners chose to hire a real estate professional to sell their home. Those who went the For Sale By Owner (FSBO) route sold their homes for 11% less than those who hired a professional. Take real estate commissions off that and I estimate that 5% was left on the table (plus having to deal with all that comes to selling a home). Best to consider interviewing a few experienced, full-time, real estate agents who have a track record of selling homes in Chesterfield. Ted Gottlieb his team would love to be on your short list.
Buying A Home In Chesterfield, MO
Buying a home is more than finding a home online, seeing it, and moving in. An experienced real estate professional will position you for success and protect your best interests. Interview a few experienced, full-time, real estate agents with a track record of selling homes in Chesterfield. Hint – Talk To Ted Gottlieb
When’s The Best Time To Buy A Home – Is Market Timing A Factor?
It’s a well held believe that St. Louis real estate sells better in the spring through fall months. That theory held true in Chesterfield, over the last 3 years. In 2020, July was the peak month for SF home sales (62 homes sold with a median sales price of $470,000), followed by April (41 homes sold with a median sales price of $475,000). These stats support my opinion of selling in early spring is the ideal – in that there are typically fewer homes on the market and pent-up demand – resulting in quicker sales at a higher price).
We hope that you found this information helpful and will check out future blogs: Hotels in Chesterfield MO; Top Golf Chesterfield MO; Chesterfield MO Schools; Chesterfield MO nightlife; Chesterfield MO Restaurants; Condos In Chesterfield MO; The Weather in Chesterfield; Apartments in Chesterfield; Chesterfield MO Business
Who Is TeamTed?
Our team is small enough to provide personalized service and experienced enough to provide the value and advocacy you deserve. We’re powered by MORE™, REALTORS®, a technologically progressive, St. Louis home based independent real estate brokerage. Established in 1999 by Dennis Norman and John Williams (both past Presidents of the St. Louis Association of REALTORS®), we’re now 50+ agents strong. We were mostly virtual, before virtual was cool. Our websites are visited more often the bigger names – for good reason. Here’s just a few –
Ted Gottlieb has been a licensed real estate agent since 2003 and broker since 2005. Ted consistently ranks in the top 5% of St. Louis area real estate agents and is a Certified Residential Specialist (a designation reserved for 3% of agents nationally. Learn more about Ted at www.trustinted.com or call (314) 690-9922.