Is Downtown West Saint Louis, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Downtown West Saint Louis was a Neutral Market.
Key Takeaway
Downtown West Saint Louis is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown West Saint Louis, MO
How much do homes in Downtown West Saint Louis, MO cost?
Median Sold Price
$130,000
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Downtown West Saint Louis have sold for 12% less than they did a year ago.
Summary: The median home sold price in Downtown West Saint Louis was $130,000 in April 2024, down 12% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $113.7K | $110K | -3.3% |
| 2 Bedrooms | $170K | $155K | -8.8% |
| 3 Bedrooms | $292.5K | $540K | +84.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Downtown West Saint Louis housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes increased by 84.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Washington Ave. Loft District | $163K | $155K | -4.9% |
| Downtown Saint Louis | $175K | $163.4K | -6.6% |
| Downtown West Saint Louis | $147.7K | $130K | -12.0% |
Housing Supply in Downtown West Saint Louis, MO
How many homes are available in Downtown West Saint Louis, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 52 | 49 | -5.8% |
Summary: The Downtown West Saint Louis real estate market had 49 homes for sale in April 2024, a 5.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 17 | -10.5% |
| 2 Bedrooms | 30 | 32 | +6.7% |
| 3 Bedrooms | 3 | 0 | -100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown West Saint Louis housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 6.7%, 3 bedroom homes decreased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown West Saint Louis, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Downtown West Saint Louis in April 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Downtown West Saint Louis, MO
How long does it take to sell a home in Downtown West Saint Louis, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 66 Days | 39 Days | -41.1% |
Summary: Homes in Downtown West Saint Louis had an average of 39 days on market in Apr 2024, down by 41.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downtown West Saint Louis are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3 homes were sold in Downtown West Saint Louis; 67% of homes were sold within 30 days, 33% 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.