Is Webster Groves, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Webster Groves has remained a Seller's Market.
Key Takeaway
Webster Groves is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Webster Groves, MO
How much do homes in Webster Groves, MO cost?
Median Sold Price
$402,333
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Webster Groves have sold for 12% more than they did a year ago.
Summary: The median home sold price in Webster Groves was $402,333 in May 2024, up 12% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $99K | -34.0% |
| 2 Bedrooms | $275K | $303K | +10.2% |
| 3 Bedrooms | $350K | $395K | +12.9% |
| 4 Bedrooms | $515K | $650K | +26.2% |
| 5+ Bedrooms | $835K | $850K | +1.8% |
Summary: Webster Groves housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 26.2%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Glendale | $465K | $555K | +19.4% |
| Webster Groves | $359.3K | $402.3K | +12.0% |
| Jefferson Township | $373.3K | $405.2K | +8.5% |
| Shrewsbury | $255K | $276K | +8.2% |
Housing Supply in Webster Groves, MO
How many homes are available in Webster Groves, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 84 | +35.5% |
Summary: The Webster Groves real estate market had 84 homes for sale in May 2024, a 35.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 21 | 34 | +61.9% |
| 4 Bedrooms | 17 | 23 | +35.3% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Webster Groves housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 61.9%, 4 bedroom homes increased by 35.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 23 | -25.8% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Webster Groves, you could pay more than the asking price. 60.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Webster Groves in May 2024, down by 25.8% month-over-month. Of the 23 sold homes, 22% were sold under asking, 17% were sold at asking, and 61% were sold over asking.
Days on Market for Webster Groves, MO
How long does it take to sell a home in Webster Groves, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 9 Days | 9 Days | +1.4% |
Summary: Homes in Webster Groves had an average of 9 days on market in May 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Webster Groves are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Webster Groves; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.