What $320k USD buys in Saint Louis, MO

[Owen Lucas]

Kitchen looks like a Home Depot flip, otherwise it presents well, nice original doors.

Should be a $180k house if it wasn't for covid and a millions of extra people showing up in our country and occupying limited housing.

Too close to neighbors for me though.

@SupremePossum Should redo the shed.

 

[FZ1]

Critical thinking and historical data suggest your assessment of single-family homes being at the top makes sense. I have thought the same for the past five years, but every year new single-family homes are hitting record highs on a MACRO basis. The saying what goes up must come down- may not apply to single family home prices/

We purchased a single-family home in SEP 2024. Yesterday I received an unsolicited email from Redfin, showing our home had a 13-month price appreciation of almost 12 percent. Not sure how Redfin came up with the gain, but I sense it is looking at MACRO price trends in our subdivision, and being near a military installation, our subdivision has high annual sales/ turnover of homes.

Our youngest Son is looking to buy a home. My recommendation to him- if you find a home you really like- buy it. History suggests he will be ok buying a home at the top of the market. The key to buying a home at the top of the market is to really like the home you are buying. As long as one really likes the home, temporary short term price drops are no big deal. And if you really like the home, more likely than not someone else will really like the home when it is time to sell.

On the other side of the spectrum- I don't recommend buying a home as person doesn't like--- that can end up burning the buyer, and when it is time to sell, buyers may not like the home either. Don't compromise at today's single family home prices--- wait for the right home and then figure out how to pay for it.

It's all Location, Location, Location. If one is in a net population influx state/city it's a better bet. Interest rates are going to come down and buttress home prices.

 

[fantastic]

We stayed in a rental that looked somewhat similar but it was rougher than this one. Pics look great but no way for that $. Plenty of houses & land to buy that would fit the bill outside of there. I understand that some folks may want to start out & utilize job skills in the area for maximum pay.

 

[SeaJay]

Yes, low ceilings are a significant issue for many buyers. I would not consider a home with under nine-foot ceilings. Ceilings are a huge quality of life issue for the interior of a home, one that is often overlooked/ not discussed. We owned a well-built ranch with eight-foot ceilings, I looked into what it would take to raise the ceilings from eight foot to ten foot.

I suspect it is the nature of the beast in homes of this vintage, square footage under roof and lot size.

 

[Fitter30]

If ever been in Stl and had custard from Ted Drews your were there. Older brick homes well kepted, beautiful parks, allies behind houses, close to Forest Park, Muny and the Zoo.