Is Des Peres, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Des Peres was a Buyer's Market.
Key Takeaway
Des Peres is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Des Peres, MO
How much do homes in Des Peres, MO cost?
Median Sold Price
$652,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Des Peres have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Des Peres was $652,500 in April 2024, up 4.6% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $355.2K | $357K | 0.5% |
| 3 Bedrooms | $440K | $440K | 0.0% |
| 4 Bedrooms | $662.5K | $664.9K | 0.4% |
| 5+ Bedrooms | $1.0M | $983.7K | -5.2% |
Summary: Des Peres housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
| Missouri River Township | $620K | $696.1K | +12.3% |
| Des Peres | $623.9K | $652.5K | +4.6% |
| Kirkwood | $374.2K | $370.6K | -1.0% |
| Bonhomme Township | $385K | $374.2K | -2.8% |
Housing Supply in Des Peres, MO
How many homes are available in Des Peres, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The Des Peres real estate market had 37 homes for sale in April 2024, a 37.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 13 | 21 | +61.5% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Des Peres 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 61.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 14 | +180.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Des Peres, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Des Peres in April 2024, up by 180.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 7% were sold at asking, and 43% were sold over asking.
Days on Market for Des Peres, MO
How long does it take to sell a home in Des Peres, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 23 Days | -38.4% |
Summary: Homes in Des Peres had an average of 23 days on market in Apr 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Des Peres are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Des Peres; 71% of homes were sold within 30 days, 29% 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.