Saint Jo Home Values

Two-thirds of Saint Jo's closings landed under list this quarter, continuing a drift toward buyer-favorable terms that has built since spring. Based on MLS data for 2026-09 closings in Saint Jo, buyers settled near 95 cents on the list-price dollar, in line with the annual figure, but nearly half of transactions carried a concession, well above the roughly one-in-four rate seen over the trailing twelve months, with the average giveback climbing past $7,000. Price per square foot held near $241, comfortably above the trailing annual mark near $161, even as the median sale price eased to roughly $470K. With just nine closings in the window, the sample stays thin.

The pipeline in Saint Jo tilted further toward buyers this quarter. Pending contracts nearly vanished, down to a single transaction from close to two dozen across the trailing year, while active listings held flat at 52, widening the gap between supply and absorption. Estimated months of supply climbed further, from the mid-fifteens annually to roughly seventeen, deep in buyer-favorable territory. New listings slowed to a below-average pace, easing the inflow but not enough to offset the pending-contract collapse. Time to contract also lengthened, a velocity signal reinforcing buyers' negotiating room heading into fall.

Extending a pattern that first showed up last spring, closings in Saint Jo moved markedly faster this quarter: the median 2026-08 sale wrapped in roughly 54 days, well below the trailing annual pace near 87. Based on MLS data for 2026-08 closings in Saint Jo, price per square foot pushed past $220, above the trailing twelve-month mark near $160, while the median sale price climbed to roughly $490K. Sellers still gave back close to four cents on the dollar at closing, and nearly half of sales landed under list, up from about a third annually — none closed above asking. With just eleven closings in the window, the sample stays thin, but the faster turnaround stands out this quarter.

The pipeline in Saint Jo held largely steady this quarter. Active listings remained near five dozen, unchanged from the trailing annual level, and pending contracts stayed at just a handful, roughly matching last month's thinned pace rather than falling further. Estimated months of supply eased modestly, slipping from the mid-teens toward the low fourteens — still deep in buyer-favorable territory. New listings held a steady clip near eight a month, in line with the annual rate, doing little to work down standing inventory. Faster-moving days on market have yet to translate into a tighter pipeline.

Sellers in Saint Jo gave up more ground at the closing table this quarter. Based on MLS data for 2026-07 closings in Saint Jo, roughly one in three transactions included a concession, up from about one in five across the trailing year, and the average concession climbed to nearly $6,000. Buyers paid sellers down to about 94 cents on the list-price dollar, a step back from the annual figure. Price per square foot held near $144, above the trailing twelve-month mark of $137, even as half of transactions closed below list, up from roughly a third annually. The dozen closings in the window keep the sample thin, but the pattern continues a softening in seller leverage seen since spring.

Pending contracts in Saint Jo thinned sharply this quarter, falling to a handful after holding near three dozen across the trailing year — a reversal from the modest pickup in contract activity noted last month. Months of supply eased further, from nearly fifteen months annually to a little over twelve, though the pipeline remains deep in buyer-favorable territory by a wide margin. New listings kept pace with the annual rate, near eight a month, doing little to work down standing inventory. Days on market ticked modestly faster, offering only a marginal counterweight to the pending-contract pullback.