Is 63137, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63137 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 63137 has remained a Seller's Market.

Key Takeaway

63137 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63137, MO

How much do homes in 63137, MO cost?

Median Sold Price

$68,660

$64/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$6,340(-8.5%)

Key Takeaway

Homes in 63137 have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in 63137 was $68,660 in March 2024, down 8.5% from last year, and the median price per square foot was $64.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $17K-
N/A
2 $73.5K$70K
-4.8%
3 $75K$65.2K
-13.0%
4 $99K$90K
-9.1%
5+ $142.5K$90.5K
-36.5%

Summary: 63137 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 decreased by 4.8%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 36.5%.

Median Sold Price Compared To Nearby Zip Codes

62040
+9.1%
63147
-7.5%
63137
-8.5%
63138
-13.2%
63136
-15.5%

Housing Supply in 63137, MO

How many homes are available in 63137, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
107110+2.8%

Summary: The 63137 real estate market had 110 homes for sale in March 2024, a 2.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2935
+20.7%
3 7065
-7.1%
4 79
+28.6%
5+ 11
0.0%

Summary: The 63137 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20.7%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2941+41.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

18 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63137, you could pay more than the asking price. 43.9% of homes here sold above asking price last month.

Summary: A total of 41 homes were sold or pending in 63137 in March 2024, up by 41.4% month-over-month. Of the 41 sold homes, 34% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for 63137, MO

How long does it take to sell a home in 63137, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
31 Days19 Days-37.4%

Summary: Homes in 63137 had an average of 19 days on market in Mar 2024, down by 37.4% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63137 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 41 homes were sold in 63137; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 24 Days Ago

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