Is Northwest County, 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, Northwest County has remained a Seller's Market.
Key Takeaway
Northwest County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest County, MO
How much do homes in Northwest County, MO cost?
Median Sold Price
$161,080
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwest County have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Northwest County was $161,080 in April 2024, up 0.7% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $46K | +2.2% |
| 2 Bedrooms | $121.4K | $124.7K | +2.7% |
| 3 Bedrooms | $177.2K | $176.1K | -0.6% |
| 4 Bedrooms | $250K | $244.5K | -2.2% |
| 5+ Bedrooms | $330K | $410K | +24.2% |
Summary: Northwest County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 24.2%.
Median Sold Price Compared To Nearby Neighborhoods
| West Overland | $163.9K | $170K | +3.7% |
| Northwest County | $159.9K | $161K | +0.7% |
| North County | $137.2K | $121.2K | -11.7% |
Housing Supply in Northwest County, MO
How many homes are available in Northwest County, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 265 | 273 | +3.0% |
Summary: The Northwest County real estate market had 273 homes for sale in April 2024, a 3.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 66 | 70 | +6.1% |
| 3 Bedrooms | 163 | 156 | -4.3% |
| 4 Bedrooms | 31 | 40 | +29.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Northwest County 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 increased by 6.1%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 29%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 100 | 90 | -10.0% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest County, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Northwest County in April 2024, down by 10.0% month-over-month. Of the 90 sold homes, 33% were sold under asking, 16% were sold at asking, and 51% were sold over asking.
Days on Market for Northwest County, MO
How long does it take to sell a home in Northwest County, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 18 Days | 21 Days | +16.9% |
Summary: Homes in Northwest County had an average of 21 days on market in Apr 2024, up by 16.9% compared to last year.
Breakdown of Home Sale Times
71 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 90 homes were sold in Northwest County; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.