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.
Key Takeaway
Des Peres is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Des Peres have sold for 14.5% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Des Peres, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
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
Key Takeaway
Many homes in Des Peres are selling fast, if you're buying plan to act quickly.
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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.