Is 63123, 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, 63123 has remained a Seller's Market.
Key Takeaway
63123 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 63123, MO
How much do homes in 63123, MO cost?
Median Sold Price
$235,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 63123 have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in 63123 was $235,000 in March 2024, up 9.3% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $97.5K | +6.8% |
| 2 Bedrooms | $190K | $202.5K | +6.6% |
| 3 Bedrooms | $228.7K | $241K | +5.4% |
| 4 Bedrooms | $325.5K | $325K | -0.2% |
| 5+ Bedrooms | $330K | $327K | -0.9% |
Summary: 63123 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes decreased by 0.9%.
Housing Supply in 63123, MO
How many homes are available in 63123, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 118 | 133 | +12.7% |
Summary: The 63123 real estate market had 133 homes for sale in March 2024, a 12.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 44 | 51 | +15.9% |
| 3 Bedrooms | 55 | 58 | +5.5% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The 63123 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 44 | +25.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 63123, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 44 homes were sold or pending in 63123 in March 2024, up by 25.7% month-over-month. Of the 44 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for 63123, MO
How long does it take to sell a home in 63123, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +7.9% |
Summary: Homes in 63123 had an average of 15 days on market in Mar 2024, up by 7.9% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 63123 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 44 homes were sold in 63123; 80% of homes were sold within 30 days, 20% 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.