CRESTWOOD, Mo. — A St. Louis-area city is among the most competitive housing markets in the U.S., according to a new analysis.
Redfin said that homes in Crestwood, in St. Louis County, are on the market for a median of 9.8 days. In its most competitive market, Irondequoit, a suburb of Rochester, New York, the number is 8.5 days.
Other figures for Crestwood, per Redfin, include:
- A median sale price of $340,845;
- 0.8 months of supply;
- A sale-to-list ratio of 103.7%, meaning homes sell for over asking;
- 76.4% of homes selling over asking;
- And 72.3% of homes being off the market within two weeks.
“The Rust Belt has been an affordable region for decades, but until recently, many of its cities were written off as examples of urban decline,” Redfin said. “Yet, alongside renewed investment and economic growth, the region has heated up in recent years as buyers look for homes they can afford—especially after mortgage rates spiked in 2022.”…