Is Ballwin, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ballwin has remained a Seller's Market.
Key Takeaway
Ballwin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ballwin, MO
How much do homes in Ballwin, MO cost?
Median Sold Price
$357,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ballwin have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Ballwin was $357,000 in March 2024, up 3.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $150K | -6.3% |
| 2 Bedrooms | $176.3K | $207.9K | +18.0% |
| 3 Bedrooms | $312K | $331.2K | +6.2% |
| 4 Bedrooms | $410K | $451K | +10.0% |
| 5+ Bedrooms | $480K | $525K | +9.4% |
Summary: Ballwin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Winchester | $190.5K | $215K | +12.9% |
| Ellisville | $340K | $382.4K | +12.5% |
| Wildhorse Township | $360K | $385K | +6.9% |
| Lafayette Township | $411.7K | $430.5K | +4.5% |
| Ballwin | $345K | $357K | +3.5% |
Housing Supply in Ballwin, MO
How many homes are available in Ballwin, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 114 | +5.6% |
Summary: The Ballwin real estate market had 114 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 23 | 22 | -4.3% |
| 3 Bedrooms | 42 | 42 | 0.0% |
| 4 Bedrooms | 35 | 36 | +2.9% |
| 5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Ballwin 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 4.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ballwin, you could pay more than the asking price. 59.5% of homes here sold above asking price last month.
Summary: A total of 42 homes were sold or pending in Ballwin in March 2024, up by 7.7% month-over-month. Of the 42 sold homes, 29% were sold under asking, 12% were sold at asking, and 60% were sold over asking.
Days on Market for Ballwin, MO
How long does it take to sell a home in Ballwin, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 18 Days | -40.1% |
Summary: Homes in Ballwin had an average of 18 days on market in Mar 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ballwin are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 42 homes were sold in Ballwin; 76% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.