Is Weldon Spring Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Weldon Spring Township has remained a Seller's Market.
Key Takeaway
Weldon Spring Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Weldon Spring Township, MO
How much do homes in Weldon Spring Township, MO cost?
Median Sold Price
$379,983
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Weldon Spring Township have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Weldon Spring Township was $379,983 in March 2024, up 9.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160.5K | $218K | +35.8% |
| 2 Bedrooms | $225.5K | $268K | +18.8% |
| 3 Bedrooms | $300K | $337K | +12.3% |
| 4 Bedrooms | $425.5K | $456K | +7.2% |
| 5+ Bedrooms | $546K | $627.5K | +14.9% |
Summary: Weldon Spring Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.8%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Dardenne Township | $313.2K | $345.5K | +10.3% |
| Weldon Spring Township | $347.9K | $379.9K | +9.2% |
| O'Fallon | $319.3K | $348.4K | +9.1% |
| Dardenne Prairie | $418K | $444K | +6.2% |
| Lake Saint Louis Township | $337.5K | $330K | -2.2% |
Housing Supply in Weldon Spring Township, MO
How many homes are available in Weldon Spring Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 50 | -5.7% |
Summary: The Weldon Spring Township real estate market had 50 homes for sale in March 2024, a 5.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 10 | 5 | -50.0% |
Summary: The Weldon Spring Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 16 | -15.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Weldon Spring Township, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Weldon Spring Township in March 2024, down by 15.8% month-over-month. Of the 16 sold homes, 25% were sold under asking, 31% were sold at asking, and 44% were sold over asking.
Days on Market for Weldon Spring Township, MO
How long does it take to sell a home in Weldon Spring Township, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 22 Days | 13 Days | -38.1% |
Summary: Homes in Weldon Spring Township had an average of 13 days on market in Mar 2024, down by 38.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Weldon Spring Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Weldon Spring Township; 88% of homes were sold within 30 days, 13% 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.