Is Shrewsbury, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Shrewsbury has remained a Seller's Market.
Housing Prices in Shrewsbury, MO
How much do homes in Shrewsbury, MO cost?
Median Sold Price
$272,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Shrewsbury was $272,500 in February 2024, up 9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $176K | -18.1% |
2 Bedrooms | $235K | $235K | 0.0% |
3 Bedrooms | $330K | $288K | -12.7% |
4 Bedrooms | $401K | $426K | +6.2% |
5+ Bedrooms | $375K | $575K | +53.3% |
Summary: Shrewsbury housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes did not change, 3 bedroom homes decreased by 12.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 53.3%.
Median Sold Price Compared To Nearby Cities
Gravois Township | $246K | $274.3K | +11.5% |
Shrewsbury | $250K | $272.5K | +9.0% |
Jefferson Township | $372.9K | $405K | +8.6% |
Webster Groves | $366.2K | $395.5K | +8.0% |
Maplewood | $280.2K | $277.5K | -1.0% |
Housing Supply in Shrewsbury, MO
How many homes are available in Shrewsbury, MO?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
15 | 7 | -53.3% |
Summary: The Shrewsbury real estate market had 7 homes for sale in February 2024, a 53.3% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 4 | -55.6% |
3 Bedrooms | 5 | 2 | -60.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Shrewsbury 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 decreased by 55.6%, 3 bedroom homes decreased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 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
Summary: A total of 5 homes were sold or pending in Shrewsbury in February 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 Shrewsbury, MO
How long does it take to sell a home in Shrewsbury, MO?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
20 Days | 12 Days | -40.0% |
Summary: Homes in Shrewsbury had an average of 12 days on market in Feb 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Shrewsbury; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.