Is 64862, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 64862 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 64862 has remained a Seller's Market.

Key Takeaway

64862 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 64862, MO

How much do homes in 64862, MO cost?

Median Sold Price

$164,250

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$34,350(+26.4%)

Key Takeaway

Homes in 64862 have sold for 26.4% more than they did a year ago.

Summary: The median home sold price in 64862 was $164,250 in April 2024, up 26.4% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $67.3K$62.5K
-7.1%
2 $107.1K$139K
+29.8%
3 $150.7K$192.5K
+27.7%
4 $165K$257.5K
+56.1%
5+ $143K-
N/A

Summary: 64862 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 29.8%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 56.1%, and 5+ bedroom homes did not change.

Housing Supply in 64862, MO

How many homes are available in 64862, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1315+15.4%

Summary: The 64862 real estate market had 15 homes for sale in April 2024, a 15.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 42
-50.0%
3 78
+14.3%
4 14
+300.0%
5+ 00
0.0%

Summary: The 64862 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 300%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 64862, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in 64862 in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 64862, MO

How long does it take to sell a home in 64862, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
78 Days112 Days+44.6%

Summary: Homes in 64862 had an average of 112 days on market in Apr 2024, up by 44.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 64862 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 4 homes were sold in 64862; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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 8 Days Ago

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