Is Shrewsbury, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shrewsbury is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Shrewsbury has remained a Seller's Market.

Key Takeaway

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

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

+$22,500(+9.0%)

Key Takeaway

Homes in Shrewsbury have sold for 9% more than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 $215K$176K
-18.1%
2 $235K$235K
0.0%
3 $330K$288K
-12.7%
4 $401K$426K
+6.2%
5+ $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
+11.5%
Shrewsbury
+9.0%
Jefferson Township
+8.6%
Webster Groves
+8.0%
Maplewood
-1.0%

Housing Supply in Shrewsbury, MO

How many homes are available in Shrewsbury, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
157-53.3%

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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 94
-55.6%
3 52
-60.0%
4 11
0.0%
5+ 00
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 2024Feb 2024CHANGE
95-44.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shrewsbury, 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 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 2023Feb 2024CHANGE
20 Days12 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Shrewsbury are selling fast, if you're buying plan to act quickly.

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.

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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