Is Des Peres, 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, Des Peres has remained a Seller's Market.
Housing Prices in Des Peres, MO
How much do homes in Des Peres, MO cost?
Median Sold Price
$675,000
$230/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Des Peres was $675,000 in May 2024, up 14.5% from last year, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $265K | N/A |
2 Bedrooms | - | $357K | N/A |
3 Bedrooms | $425K | $440K | +3.5% |
4 Bedrooms | $610K | $680K | +11.5% |
5+ Bedrooms | $950K | $983.7K | +3.6% |
Summary: Des Peres housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Missouri River Township | $620K | $719.4K | +16.0% |
Des Peres | $589.4K | $675K | +14.5% |
Kirkwood | $378.2K | $374.7K | -0.9% |
Bonhomme Township | $388.1K | $375.1K | -3.4% |
Housing Supply in Des Peres, MO
How many homes are available in Des Peres, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 32 | -15.8% |
Summary: The Des Peres real estate market had 32 homes for sale in May 2024, a 15.8% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 4 | -42.9% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Des Peres 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 remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 8 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Des Peres in May 2024, down by 42.9% month-over-month. Of the 8 sold homes, 13% were sold under asking, 0% were sold at asking, and 88% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 16 Days | -31.1% |
Summary: Homes in Des Peres had an average of 16 days on market in May 2024, down by 31.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Des Peres; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.