Is Shrewsbury, 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, Shrewsbury has remained a Seller's Market.
Housing Prices in Shrewsbury, MO
How much do homes in Shrewsbury, MO cost?
Median Sold Price
$276,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Shrewsbury was $276,000 in May 2024, up 8.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $176K | -18.1% |
2 Bedrooms | $226.5K | $250K | +10.4% |
3 Bedrooms | $310K | $299K | -3.5% |
4 Bedrooms | $426.5K | $380K | -10.9% |
5+ Bedrooms | $375K | $575K | +53.3% |
Summary: Shrewsbury housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes increased by 53.3%.
Median Sold Price Compared To Nearby Cities
Webster Groves | $359.3K | $402.3K | +12.0% |
Maplewood | $250K | $280K | +12.0% |
Gravois Township | $250.8K | $278K | +10.8% |
Jefferson Township | $373.3K | $405.2K | +8.5% |
Shrewsbury | $255K | $276K | +8.2% |
Housing Supply in Shrewsbury, MO
How many homes are available in Shrewsbury, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 21 | +40.0% |
Summary: The Shrewsbury real estate market had 21 homes for sale in May 2024, a 40.0% 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 | 8 | 12 | +50.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 0 | 1 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shrewsbury 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 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Shrewsbury in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 20% were sold under asking, 10% were sold at asking, and 70% were sold over asking.
Days on Market for Shrewsbury, MO
How long does it take to sell a home in Shrewsbury, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 7 Days | -26.3% |
Summary: Homes in Shrewsbury had an average of 7 days on market in May 2024, down by 26.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Shrewsbury; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.