Is 65203, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65203 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 65203 has remained a Seller's Market.

Key Takeaway

65203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 65203, MO

How much do homes in 65203, MO cost?

Median Sold Price

$359,983

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$21,400(+6.3%)

Key Takeaway

Homes in 65203 have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in 65203 was $359,983 in April 2024, up 6.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $127.4K$137.5K
+7.9%
2 $149K$170K
+14.1%
3 $295K$312K
+5.8%
4 $375K$397K
+5.9%
5+ $521.2K$572.8K
+9.9%

Summary: 65203 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Zip Codes

65201
+7.4%
65203
+6.3%

Housing Supply in 65203, MO

How many homes are available in 65203, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
229249+8.7%

Summary: The 65203 real estate market had 249 homes for sale in April 2024, a 8.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 1924
+26.3%
3 7381
+11.0%
4 6265
+4.8%
5+ 7479
+6.8%

Summary: The 65203 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 11%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
5973+23.7%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65203, you may be able to get a good deal. 36.1% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in 65203 in April 2024, up by 23.7% month-over-month. Of the 72 sold homes, 36% were sold under asking, 35% were sold at asking, and 29% were sold over asking.

Days on Market for 65203, MO

How long does it take to sell a home in 65203, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
27 Days41 Days+53.4%

Summary: Homes in 65203 had an average of 41 days on market in Apr 2024, up by 53.4% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65203 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 73 homes were sold in 65203; 70% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 18% 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 7 Days Ago

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