Is University City, 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, University City has remained a Seller's Market.
Key Takeaway
University City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University City, MO
How much do homes in University City, MO cost?
Median Sold Price
$321,570
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in University City have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in University City was $321,570 in May 2024, down 2.5% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.2K | $73K | +51.5% |
| 2 Bedrooms | $133.2K | $148K | +11.1% |
| 3 Bedrooms | $321.9K | $355K | +10.3% |
| 4 Bedrooms | $516K | $506K | -1.9% |
| 5+ Bedrooms | $740K | $725K | -2.0% |
Summary: University City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.5%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Clayton | $585K | $689K | +17.8% |
| Pagedale | $53K | $55K | +3.8% |
| University City | $329.8K | $321.5K | -2.5% |
| University Township | $174.9K | $165K | -5.7% |
Housing Supply in University City, MO
How many homes are available in University City, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 143 | +11.7% |
Summary: The University City real estate market had 143 homes for sale in May 2024, a 11.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 38 | 43 | +13.2% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The University City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 15.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 48 | +14.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University City, you could pay more than the asking price. 47.9% of homes here sold above asking price last month.
Summary: A total of 48 homes were sold or pending in University City in May 2024, up by 14.3% month-over-month. Of the 48 sold homes, 35% were sold under asking, 17% were sold at asking, and 48% were sold over asking.
Days on Market for University City, MO
How long does it take to sell a home in University City, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 25 Days | -20.4% |
Summary: Homes in University City had an average of 25 days on market in May 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 48 homes were sold in University City; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.