Is Benton Park West, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Benton Park West has remained a Seller's Market.
Key Takeaway
Benton Park West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Benton Park West, MO
How much do homes in Benton Park West, MO cost?
Median Sold Price
$274,975
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Benton Park West have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Benton Park West was $274,975 in April 2024, up 0.9% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110.5K | $144.2K | +30.5% |
| 2 Bedrooms | $221.5K | $263K | +18.7% |
| 3 Bedrooms | $305K | $300K | -1.6% |
| 4 Bedrooms | $374.5K | $328.5K | -12.3% |
| 5+ Bedrooms | $265K | $485K | +83.0% |
Summary: Benton Park West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.5%, 2 bedroom homes increased by 18.7%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 83%.
Median Sold Price Compared To Nearby Neighborhoods
| McKinley Heights | $270K | $307K | +13.7% |
| Fox Park | $309K | $315K | +1.9% |
| Benton Park West | $272.5K | $274.9K | +0.9% |
| Tower Grove East | $330K | $320K | -3.0% |
| Gravois Park | $185K | $168.7K | -8.8% |
Housing Supply in Benton Park West, MO
How many homes are available in Benton Park West, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 36 | -7.7% |
Summary: The Benton Park West real estate market had 36 homes for sale in April 2024, a 7.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 10 | 8 | -20.0% |
| 3 Bedrooms | 19 | 18 | -5.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Benton Park West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Benton Park West, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Benton Park West in April 2024, down by 27.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Benton Park West, MO
How long does it take to sell a home in Benton Park West, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 26 Days | -30.6% |
Summary: Homes in Benton Park West had an average of 26 days on market in Apr 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Benton Park West are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 8 homes were sold in Benton Park West; 63% of homes were sold within 30 days, 38% 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.