Is Webster Groves, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Webster Groves is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Webster Groves has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Webster Groves, MO

How much do homes in Webster Groves, MO cost?

Median Sold Price

$401,000

$222/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$41,000(+11.4%)

Key Takeaway

Homes in Webster Groves have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Webster Groves was $401,000 in April 2024, up 11.4% from last year, and the median price per square foot was $222.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $150K$99K
-34.0%
2 $275K$297K
+8.0%
3 $345K$390K
+13.0%
4 $556K$639K
+14.9%
5+ $785.5K$840K
+6.9%

Summary: Webster Groves housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Cities

Glendale
+23.3%
Shrewsbury
+14.4%
Webster Groves
+11.4%
Jefferson Township
+10.0%

Housing Supply in Webster Groves, MO

How many homes are available in Webster Groves, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6663-4.5%

Summary: The Webster Groves real estate market had 63 homes for sale in April 2024, a 4.5% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 2315
-34.8%
3 2022
+10.0%
4 1516
+6.7%
5+ 710
+42.9%

Summary: The Webster Groves housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2428+16.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Webster Groves, you could pay more than the asking price. 53.6% of homes here sold above asking price last month.

Summary: A total of 28 homes were sold or pending in Webster Groves in April 2024, up by 16.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 11% were sold at asking, and 54% were sold over asking.

Days on Market for Webster Groves, MO

How long does it take to sell a home in Webster Groves, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
20 Days23 Days+16.0%

Summary: Homes in Webster Groves had an average of 23 days on market in Apr 2024, up by 16% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 28 homes were sold in Webster Groves; 75% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% 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 18 Days Ago

Newest Listings in Webster Groves, MO

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