Is Southwest Garden, 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, Southwest Garden has remained a Seller's Market.
Key Takeaway
Southwest Garden is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southwest Garden, MO
How much do homes in Southwest Garden, MO cost?
Median Sold Price
$250,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southwest Garden have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in Southwest Garden was $250,000 in April 2024, down 5.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $142K | $160K | +12.7% |
| 2 Bedrooms | $201.5K | $222.5K | +10.4% |
| 3 Bedrooms | $300K | $282K | -6.0% |
| 4 Bedrooms | $502.5K | $530K | +5.5% |
| 5+ Bedrooms | $416.9K | $575K | +37.9% |
Summary: Southwest Garden housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.7%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 37.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Clifton Heights | $212.2K | $209K | -1.5% |
| North Hampton | $254K | $249.5K | -1.8% |
| Tilles Park | $261.2K | $250K | -4.3% |
| Southwest Garden | $265K | $250K | -5.7% |
| The Hill | $250K | $235K | -6.0% |
Housing Supply in Southwest Garden, MO
How many homes are available in Southwest Garden, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The Southwest Garden real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southwest Garden 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
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 Southwest Garden, 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 Southwest Garden in April 2024, up by 66.7% 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 Southwest Garden, MO
How long does it take to sell a home in Southwest Garden, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 15 Days | 13 Days | -14.5% |
Summary: Homes in Southwest Garden had an average of 13 days on market in Apr 2024, down by 14.5% 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 Southwest Garden are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Southwest Garden; 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.