Is 63131, 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, 63131 has remained a Seller's Market.
Key Takeaway
63131 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 63131, MO
How much do homes in 63131, MO cost?
Median Sold Price
$936,750
$257/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 63131 have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in 63131 was $936,750 in March 2024, up 14.2% from last year, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $420.5K | $630K | +49.8% |
| 3 Bedrooms | $535K | $638.5K | +19.3% |
| 4 Bedrooms | $795K | $890K | +11.9% |
| 5+ Bedrooms | $1.3M | $1.4M | +3.6% |
Summary: 63131 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 49.8%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in 63131, MO
How many homes are available in 63131, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 51 | -12.1% |
Summary: The 63131 real estate market had 51 homes for sale in March 2024, a 12.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 3 | 0 | -100.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 25 | 21 | -16.0% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 63131 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 16 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 63131, you could pay more than the asking price. 56.3% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in 63131 in March 2024, down by 11.1% month-over-month. Of the 16 sold homes, 31% were sold under asking, 13% were sold at asking, and 56% were sold over asking.
Days on Market for 63131, MO
How long does it take to sell a home in 63131, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 39 Days | 38 Days | -0.2% |
Summary: Homes in 63131 had an average of 38 days on market in Mar 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 63131 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in 63131; 69% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.