Is Sunset Hills, 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, Sunset Hills has remained a Seller's Market.
Key Takeaway
Sunset Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sunset Hills, MO
How much do homes in Sunset Hills, MO cost?
Median Sold Price
$513,500
$193/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sunset Hills have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Sunset Hills was $513,500 in May 2024, down 4.9% from last year, and the median price per square foot was $193.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $135K | $110K | -18.5% |
| 2 Bedrooms | $228K | $227.5K | -0.2% |
| 3 Bedrooms | $400K | $436.5K | +9.1% |
| 4 Bedrooms | $655K | $737.5K | +12.6% |
| 5+ Bedrooms | $985K | $912K | -7.4% |
Summary: Sunset Hills housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.5%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes decreased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Gravois Township | $250.8K | $278K | +10.8% |
| Crestwood | $290K | $306.5K | +5.7% |
| Fenton | $327.5K | $345K | +5.3% |
| Bonhomme Township | $388.1K | $375.1K | -3.4% |
| Sunset Hills | $540K | $513.5K | -4.9% |
Housing Supply in Sunset Hills, MO
How many homes are available in Sunset Hills, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 28 | -9.7% |
Summary: The Sunset Hills real estate market had 28 homes for sale in May 2024, a 9.7% 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 | 5 | 7 | +40.0% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Sunset Hills 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 40%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 12 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sunset Hills, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Sunset Hills in May 2024, up by 50.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% were sold over asking.
Days on Market for Sunset Hills, MO
How long does it take to sell a home in Sunset Hills, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 10 Days | -33.8% |
Summary: Homes in Sunset Hills had an average of 10 days on market in May 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sunset Hills are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Sunset Hills; 92% of homes were sold within 30 days, 8% 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.