Is 65605, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65605 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 65605 was a Seller's Market.

Key Takeaway

65605 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 65605, MO

How much do homes in 65605, MO cost?

Median Sold Price

$149,900

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$2,100(-1.4%)

Key Takeaway

Homes in 65605 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 65605 was $149,900 in March 2024, down 1.4% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $55K$81.2K
+47.7%
2 $97.7K$75K
-23.2%
3 $165.9K$169.9K
+2.4%
4 $249K$249K
0.0%
5+ $236K$263.5K
+11.7%

Summary: 65605 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.7%, 2 bedroom homes decreased by 23.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

65624
+34.4%
65605
-1.4%

Housing Supply in 65605, MO

How many homes are available in 65605, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5256+7.7%

Summary: The 65605 real estate market had 56 homes for sale in March 2024, a 7.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 119
-18.2%
3 3029
-3.3%
4 612
+100.0%
5+ 32
-33.3%

Summary: The 65605 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
78+14.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65605, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 65605 in March 2024, up by 14.3% month-over-month. Of the 7 sold homes, 0% were sold under asking, 57% were sold at asking, and 43% were sold over asking.

Days on Market for 65605, MO

How long does it take to sell a home in 65605, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
100 Days8 Days-91.7%

Summary: Homes in 65605 had an average of 8 days on market in Mar 2024, down by 91.7% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65605 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 8 homes were sold in 65605; 88% of homes were sold within 30 days, 13% 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 27 Days Ago

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