Is 63348, 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, 63348 has remained a Seller's Market.
Key Takeaway
63348 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 63348, MO
How much do homes in 63348, MO cost?
Median Sold Price
$346,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 63348 have sold for 5.6% less than they did a year ago.
Summary: The median home sold price in 63348 was $346,500 in March 2024, down 5.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $326.1K | $325.5K | -0.2% |
| 4 Bedrooms | $423.9K | $424.5K | 0.1% |
| 5+ Bedrooms | $549.5K | $500K | -9.0% |
Summary: 63348 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 did not change, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 9%.
Median Sold Price Compared To Nearby Zip Codes
| 63385 | $360K | $375K | +4.2% |
| 63341 | $619.7K | $645K | +4.1% |
| 63348 | $366.9K | $346.5K | -5.6% |
Housing Supply in 63348, MO
How many homes are available in 63348, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 47 | 0.0% |
Summary: The 63348 real estate market had 47 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 27 | 31 | +14.8% |
| 4 Bedrooms | 16 | 12 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The 63348 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 remained the same, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 9 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 63348, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 63348 in March 2024, down by 30.8% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for 63348, MO
How long does it take to sell a home in 63348, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 84 Days | +24.4% |
Summary: Homes in 63348 had an average of 84 days on market in Mar 2024, up by 24.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in 63348 are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 9 homes were sold in 63348; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.