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 May 2023
Since last year, Weldon Spring Township has remained a Seller's Market.
Housing Prices in Weldon Spring Township, MO
How much do homes in Weldon Spring Township, MO cost?
Median Sold Price
$396,666
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Weldon Spring Township was $396,666 in May 2024, up 13.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $340K | $199K | -41.5% |
2 Bedrooms | $228K | $280K | +22.8% |
3 Bedrooms | $310K | $345.6K | +11.5% |
4 Bedrooms | $430K | $462K | +7.4% |
5+ Bedrooms | $575K | $610K | +6.1% |
Summary: Weldon Spring Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41.5%, 2 bedroom homes increased by 22.8%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
Weldon Spring Township | $350K | $396.6K | +13.3% |
Dardenne Township | $319.9K | $350K | +9.4% |
Dardenne Prairie | $413.7K | $450K | +8.8% |
O'Fallon | $324.1K | $350K | +8.0% |
Lake Saint Louis Township | $329.5K | $335K | +1.7% |
Housing Supply in Weldon Spring Township, MO
How many homes are available in Weldon Spring Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 94 | +40.3% |
Summary: The Weldon Spring Township real estate market had 94 homes for sale in May 2024, a 40.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 12 | +140.0% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 30 | 35 | +16.7% |
5+ Bedrooms | 4 | 11 | +175.0% |
Summary: The Weldon Spring Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 140%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 175%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 34 | +41.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Weldon Spring Township in May 2024, up by 41.7% month-over-month. Of the 34 sold homes, 35% were sold under asking, 9% were sold at asking, and 56% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 16 Days | -24.1% |
Summary: Homes in Weldon Spring Township had an average of 16 days on market in May 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Weldon Spring Township; 85% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.