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 April 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
$388,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Weldon Spring Township have sold for 11% more than they did a year ago.
Summary: The median home sold price in Weldon Spring Township was $388,000 in April 2024, up 11% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $218K | +42.5% |
| 2 Bedrooms | $228K | $268K | +17.5% |
| 3 Bedrooms | $300K | $337K | +12.3% |
| 4 Bedrooms | $430K | $461K | +7.2% |
| 5+ Bedrooms | $565K | $620K | +9.7% |
Summary: Weldon Spring Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.5%, 2 bedroom homes increased by 17.5%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Cities
| Weldon Spring Township | $349.5K | $388K | +11.0% |
| O'Fallon | $323K | $349.9K | +8.3% |
| Dardenne Township | $316K | $341K | +7.9% |
| Dardenne Prairie | $419.9K | $440K | +4.8% |
| Lake Saint Louis Township | $338.3K | $328.3K | -3.0% |
Housing Supply in Weldon Spring Township, MO
How many homes are available in Weldon Spring Township, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 68 | +36.0% |
Summary: The Weldon Spring Township real estate market had 68 homes for sale in April 2024, a 36.0% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 20 | 28 | +40.0% |
| 4 Bedrooms | 21 | 31 | +47.6% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Weldon Spring Township 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 increased by 20%, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 47.6%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 22 | +29.4% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 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. 45.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Weldon Spring Township in April 2024, up by 29.4% month-over-month. Of the 22 sold homes, 36% were sold under asking, 18% were sold at asking, and 45% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 12 Days | +23.7% |
Summary: Homes in Weldon Spring Township had an average of 12 days on market in Apr 2024, up by 23.7% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 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 April 2024, 22 homes were sold in Weldon Spring Township; 82% of homes were sold within 30 days, 14% 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.