Is West County, 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, West County has remained a Seller's Market.
Key Takeaway
West County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West County, MO
How much do homes in West County, MO cost?
Median Sold Price
$413,560
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West County have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in West County was $413,560 in March 2024, up 5.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | $150K | +42.9% |
| 2 Bedrooms | $198.5K | $218.7K | +10.2% |
| 3 Bedrooms | $322K | $350K | +8.7% |
| 4 Bedrooms | $471.1K | $510.2K | +8.3% |
| 5+ Bedrooms | $697.3K | $800K | +14.7% |
Summary: West County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 14.7%.
Housing Supply in West County, MO
How many homes are available in West County, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 530 | 609 | +14.9% |
Summary: The West County real estate market had 609 homes for sale in March 2024, a 14.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 84 | 103 | +22.6% |
| 3 Bedrooms | 169 | 196 | +16.0% |
| 4 Bedrooms | 203 | 222 | +9.4% |
| 5+ Bedrooms | 67 | 80 | +19.4% |
Summary: The West County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 166 | 193 | +16.3% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
105 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West County, you could pay more than the asking price. 54.4% of homes here sold above asking price last month.
Summary: A total of 193 homes were sold or pending in West County in March 2024, up by 16.3% month-over-month. Of the 193 sold homes, 30% were sold under asking, 16% were sold at asking, and 54% were sold over asking.
Days on Market for West County, MO
How long does it take to sell a home in West County, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 24 Days | -20.4% |
Summary: Homes in West County had an average of 24 days on market in Mar 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 193 homes were sold in West County; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.