Is 65631, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65631 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 65631 has remained a Seller's Market.

Key Takeaway

65631 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 65631, MO

How much do homes in 65631, MO cost?

Median Sold Price

$226,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,000(+2.3%)

Key Takeaway

Homes in 65631 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 65631 was $226,000 in March 2024, up 2.3% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $308.5K-
N/A
2 $115K$130K
+13.0%
3 $214.4K$222K
+3.5%
4 $315K$285.5K
-9.4%
5+ $539.9K$489.9K
-9.3%

Summary: 65631 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 increased by 13%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes decreased by 9.3%.

Median Sold Price Compared To Nearby Zip Codes

65714
+6.9%
65631
+2.3%
65610
+1.8%
65738
0.0%
65619
-4.8%

Housing Supply in 65631, MO

How many homes are available in 65631, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2125+19.0%

Summary: The 65631 real estate market had 25 homes for sale in March 2024, a 19.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1314
+7.7%
4 34
+33.3%
5+ 46
+50.0%

Summary: The 65631 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 7.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65631, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in 65631 in March 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for 65631, MO

How long does it take to sell a home in 65631, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
21 Days37 Days+72.7%

Summary: Homes in 65631 had an average of 37 days on market in Mar 2024, up by 72.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 65631 has remained consistent over time.

Summary: During March 2024, 7 homes were sold in 65631; 43% of homes were sold within 30 days, 57% 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 15 Days Ago

Newest Listings in 65631, MO

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