Homes in Peabody-Darst-Webbe are taking much longer to sell in the latest rolling three-month period, with the median days on market at 87, up sharply from a year earlier. This slower pace stands in contrast to the broader St. Louis market, where months of supply is much lower. With properties spending more time on the market, buyers have more room to evaluate options and negotiate.
Prices have been moving in a different direction than speed, as the typical home value in the area is up solidly year over year while the median list price has also grown compared with last year. At the same time, no recent sales closed above list price, and the average sale-to-list ratio sits just under 100 percent. Together these patterns suggest sellers are still achieving prices close to their asking amounts, but bidding wars are less common.
Supply levels have expanded significantly, with months of supply rising into the double digits in Peabody-Darst-Webbe, far above the roughly three months seen across St. Louis. Active listings are actually down from a year ago, yet sales and pending contracts have fallen more sharply over the same period, contributing to a clear buyer’s market. With homes taking longer to sell and pricing trends diverging from demand, both buyers and sellers can benefit from an Agent Pronto–recommended real estate professional to navigate conditions and advocate for their goals.
