Wildwood MO: A Year In Review for the real estate activity
Wildwood MO: A Year In Review for the real estate activityAs we usher in a new year, we wanted to take a moment and examine the city of Wildwood, Missouri and really take a look of how the city was affected over the course of the year. In this article, we will touch on the home values, sales prices, and the listings and closings within this community over the last 12 months. As we dig into the numbers, we will get a picture of how the city is performing in this market.
The first topic of discussion will be the home values in the city of Wildwood. Now the median home values clock in at $538,000 for both condos and single-family residences. This reflects a 12 ¾ percent positive change over the 12-month period. Now there is some flux in month-to-month numbers, but Wildwood is still positive overall for the last year. This is fairly high appreciation compared to nearby areas, like Ballwin for example which had an 11 ½ percent increase during the same time span. 
The second item we wanted to cover is the sales prices of homes in the Wildwood area. The median sales price for homes within the last year comes to $558,000. This number shows represents both single family homes and condos. Now for the breakdown. Single family homes averaged $601,235 for the city of Wildwood. This represents a 22.67 percent positive change for the year. Meanwhile, condos averaged $280,448 during that same time period.
The last topic to be discussed is the Listings and Closings of properties for the year of 2022. Now these numbers will give an idea of how well Wildwood is performing in this market. The city of Wildwood has right around 1 month of inventory, and at the time of writing there are 22 active listings with 359 closings for the year of 2022. These homes that were on the market were snatched up in 27 days on average. What is the significance? While these houses may be sitting on the market slightly longer than other areas nearby, 27 days is considered fast historically. 
What is in it for the prospective buyer or motivated seller? Wildwood is a beautiful area, and is generally at a higher price point than some nearby areas. This means it is logical that the time on market would be higher. This is due to the buyer pool being reduced by fiscal requirements. However, the closings show that the market is very active, and competition can be expected. Both buyers and sellers should prepare to move quickly on opportunities that may arise.
Wildwood continues to show why it is such a desirable place to live. From a number’s perspective, this city outperforms other areas nearby and is accessible to most people. The city of Wildwood, Missouri shows high appreciation in home values, and remains a great place to call home for those who want to be far enough from St. Louis to have a country atmosphere, while still being close enough to all the amenities the city has to offer.