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.
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
$396,666
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Weldon Spring Township have sold for 13.3% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Weldon Spring Township, you could pay more than the asking price. 55.9% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Weldon Spring Township are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.