Is 65803, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65803 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 65803 has remained a Seller's Market.

Key Takeaway

65803 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 65803, MO

How much do homes in 65803, MO cost?

Median Sold Price

$154,250

$646/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$1,912(-1.2%)

Key Takeaway

Homes in 65803 have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in 65803 was $154,250 in March 2024, down 1.2% from last year, and the median price per square foot was $646.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $43K$78.8K
+83.3%
2 $103.9K$115K
+10.7%
3 $165K$175.6K
+6.4%
4 $279.9K$235K
-16.0%
5+ $385K$350K
-9.1%

Summary: 65803 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.3%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 16%, and 5+ bedroom homes decreased by 9.1%.

Median Sold Price Compared To Nearby Zip Codes

65781
+18.2%
65802
+3.3%
65648
0%
65803
-1.2%

Housing Supply in 65803, MO

How many homes are available in 65803, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
168173+3.0%

Summary: The 65803 real estate market had 173 homes for sale in March 2024, a 3.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 55
0.0%
2 3236
+12.5%
3 9696
0.0%
4 2220
-9.1%
5+ 1316
+23.1%

Summary: The 65803 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 increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 23.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
4550+11.1%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65803, you may be able to get a good deal. 46.9% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in 65803 in March 2024, up by 11.1% month-over-month. Of the 49 sold homes, 47% were sold under asking, 31% were sold at asking, and 22% were sold over asking.

Days on Market for 65803, MO

How long does it take to sell a home in 65803, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
27 Days42 Days+51.1%

Summary: Homes in 65803 had an average of 42 days on market in Mar 2024, up by 51.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65803 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 50 homes were sold in 65803; 56% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 10% 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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