Is 63122, 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, 63122 has remained a Seller's Market.
Key Takeaway
63122 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 63122, MO
How much do homes in 63122, MO cost?
Median Sold Price
$424,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 63122 have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in 63122 was $424,500 in March 2024, up 5.8% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $146K | $160K | +9.6% |
| 2 Bedrooms | $245K | $239.4K | -2.3% |
| 3 Bedrooms | $404.5K | $415.8K | +2.8% |
| 4 Bedrooms | $625K | $640K | +2.4% |
| 5+ Bedrooms | $890.9K | $924.5K | +3.8% |
Summary: 63122 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.6%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in 63122, MO
How many homes are available in 63122, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 133 | 142 | +6.8% |
Summary: The 63122 real estate market had 142 homes for sale in March 2024, a 6.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 28 | 41 | +46.4% |
| 3 Bedrooms | 35 | 30 | -14.3% |
| 4 Bedrooms | 38 | 44 | +15.8% |
| 5+ Bedrooms | 29 | 23 | -20.7% |
Summary: The 63122 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 46.4%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 20.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 52 | +67.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 63122, you could pay more than the asking price. 57.7% of homes here sold above asking price last month.
Summary: A total of 52 homes were sold or pending in 63122 in March 2024, up by 67.7% month-over-month. Of the 52 sold homes, 37% were sold under asking, 6% were sold at asking, and 58% were sold over asking.
Days on Market for 63122, MO
How long does it take to sell a home in 63122, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 24 Days | -55.4% |
Summary: Homes in 63122 had an average of 24 days on market in Mar 2024, down by 55.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 63122 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 52 homes were sold in 63122; 77% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.