Is West Central, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Central is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, West Central was a Buyer's Market.

Key Takeaway

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

Housing Prices in West Central, MO

How much do homes in West Central, MO cost?

Median Sold Price

$130,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+8.3%)

Key Takeaway

Homes in West Central have sold for 8.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $132.5K$210.5K
+58.9%
2 $107.5K$110.5K
+2.8%
3 $140K$164K
+17.1%
4 $174.5K$168K
-3.7%
5+ --
N/A

Summary: West Central housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58.9%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Fassnight
+25.7%
Grant Beach
+23.8%
West Central
+8.3%
Study / Zagonyi
+1.9%

Housing Supply in West Central, MO

How many homes are available in West Central, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2526+4.0%

Summary: The West Central real estate market had 26 homes for sale in April 2024, a 4.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1616
0.0%
3 78
+14.3%
4 20
-100.0%
5+ 01
+100.0%

Summary: The West Central housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Central, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in West Central in April 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for West Central, MO

How long does it take to sell a home in West Central, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days46 Days+2242.9%

Summary: Homes in West Central had an average of 46 days on market in Apr 2024, up by 2242.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 7 homes were sold in West Central; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 1 Day Ago

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