Is Des Peres, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Des Peres was a Neutral Market.
Key Takeaway
Des Peres is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Des Peres, MO
How much do homes in Des Peres, MO cost?
Median Sold Price
$655,000
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Des Peres have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Des Peres was $655,000 in March 2024, up 10.9% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $355.2K | $357K | 0.5% |
| 3 Bedrooms | $410K | $430K | +4.9% |
| 4 Bedrooms | $634.9K | $671.1K | +5.7% |
| 5+ Bedrooms | $950K | $1.1M | +18.9% |
Summary: Des Peres housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
| Missouri River Township | $620K | $695K | +12.1% |
| Des Peres | $590.5K | $655K | +10.9% |
| Kirkwood | $365K | $386K | +5.8% |
| Bonhomme Township | $378.7K | $390K | +3.0% |
Housing Supply in Des Peres, MO
How many homes are available in Des Peres, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 24 | -14.3% |
Summary: The Des Peres real estate market had 24 homes for sale in March 2024, a 14.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 7 | +16.7% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 8 | 5 | -37.5% |
Summary: The Des Peres housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Des Peres, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Des Peres in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Des Peres, MO
How long does it take to sell a home in Des Peres, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 6 Days | 2 Days | -63.3% |
Summary: Homes in Des Peres had an average of 2 days on market in Mar 2024, down by 63.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Des Peres are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Des Peres; 100% of homes were sold within 30 days, 0% 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.