Is 65616, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65616 is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 65616 was a Seller's Market.

Key Takeaway

65616 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 65616, MO

How much do homes in 65616, MO cost?

Median Sold Price

$259,979

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$14,814(+6.0%)

Key Takeaway

Homes in 65616 have sold for 6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $140K$137.7K
-1.6%
2 $225K$239.9K
+6.6%
3 $260.3K$299.9K
+15.2%
4 $375K$392K
+4.5%
5+ $675K$522.5K
-22.6%

Summary: 65616 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 22.6%.

Median Sold Price Compared To Nearby Zip Codes

65737
+8.5%
65740
+8.0%
65616
+6.0%
65672
+5.3%

Housing Supply in 65616, MO

How many homes are available in 65616, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
473530+12.1%

Summary: The 65616 real estate market had 530 homes for sale in April 2024, a 12.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 5154
+5.9%
2 197232
+17.8%
3 125133
+6.4%
4 5464
+18.5%
5+ 4647
+2.2%

Summary: The 65616 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 2.2%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6178+27.9%

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65616, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 78 homes were sold or pending in 65616 in April 2024, up by 27.9% month-over-month. Of the 75 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% were sold over asking.

Days on Market for 65616, MO

How long does it take to sell a home in 65616, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
41 Days64 Days+54.7%

Summary: Homes in 65616 had an average of 64 days on market in Apr 2024, up by 54.7% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65616 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 78 homes were sold in 65616; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% 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 3 Days Ago

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