Is 63116, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 63116 has remained a Seller's Market.
Key Takeaway
63116 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 63116, MO
How much do homes in 63116, MO cost?
Median Sold Price
$190,020
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 63116 have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in 63116 was $190,020 in March 2024, up 7.9% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $97.5K | $99K | +1.5% |
| 2 Bedrooms | $154.9K | $170K | +9.7% |
| 3 Bedrooms | $222K | $225.5K | +1.6% |
| 4 Bedrooms | $285.5K | $400K | +40.1% |
| 5+ Bedrooms | $337.5K | $485K | +43.7% |
Summary: 63116 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 40.1%, and 5+ bedroom homes increased by 43.7%.
Housing Supply in 63116, MO
How many homes are available in 63116, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 136 | 167 | +22.8% |
Summary: The 63116 real estate market had 167 homes for sale in March 2024, a 22.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 54 | 71 | +31.5% |
| 3 Bedrooms | 56 | 67 | +19.6% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The 63116 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 31.5%, 3 bedroom homes increased by 19.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 56 | +43.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 63116, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in 63116 in March 2024, up by 43.6% month-over-month. Of the 56 sold homes, 30% were sold under asking, 20% were sold at asking, and 50% were sold over asking.
Days on Market for 63116, MO
How long does it take to sell a home in 63116, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -0.9% |
Summary: Homes in 63116 had an average of 31 days on market in Mar 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 63116 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 56 homes were sold in 63116; 68% of homes were sold within 30 days, 20% 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.