Is Central West End, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central West End is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Central West End has remained a Seller's Market.

Key Takeaway

Central West End is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Central West End, MO

How much do homes in Central West End, MO cost?

Median Sold Price

$345,000

$203/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

The sold price of homes in Central West End has remained the same since last year.

Summary: The median home sold price in Central West End was $345,000 in February 2024, the same as last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $218.5K$211K
-3.4%
2 $288.7K$300K
+3.9%
3 $432K$469.5K
+8.7%
4 $600K$634K
+5.7%
5+ $730K$710K
-2.7%

Summary: Central West End housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Neighborhoods

Central Corridor
+19.4%
Central West End
0.0%
Forest Park Southeast
-16.1%

Housing Supply in Central West End, MO

How many homes are available in Central West End, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
7384+15.1%

Summary: The Central West End real estate market had 84 homes for sale in February 2024, a 15.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1313
0.0%
2 2630
+15.4%
3 2524
-4.0%
4 35
+66.7%
5+ 612
+100.0%

Summary: The Central West End housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
715+114.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central West End, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Central West End in February 2024, up by 114.3% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% were sold at asking, and 7% were sold over asking.

Days on Market for Central West End, MO

How long does it take to sell a home in Central West End, MO?

Average Sale Time

Feb 2023Feb 2024CHANGE
85 Days100 Days+17.3%

Summary: Homes in Central West End had an average of 100 days on market in Feb 2024, up by 17.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Central West End are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 15 homes were sold in Central West End; 20% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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