Is Bel-Ridge, 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, Bel-Ridge has remained a Seller's Market.
Key Takeaway
Bel-Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bel-Ridge, MO
How much do homes in Bel-Ridge, MO cost?
Median Sold Price
$57,800
$62/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bel-Ridge have sold for 11.7% less than they did a year ago.
Summary: The median home sold price in Bel-Ridge was $57,800 in March 2024, down 11.7% from last year, and the median price per square foot was $62.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $39.5K | N/A |
| 2 Bedrooms | $46K | $47.5K | +3.3% |
| 3 Bedrooms | $69.5K | $57.8K | -16.8% |
| 4 Bedrooms | $123.7K | $88.5K | -28.5% |
| 5+ Bedrooms | $33K | $80K | +142.4% |
Summary: Bel-Ridge 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 3.3%, 3 bedroom homes decreased by 16.8%, 4 bedroom homes decreased by 28.5%, and 5+ bedroom homes increased by 142.4%.
Median Sold Price Compared To Nearby Cities
| Berkeley | $75K | $83K | +10.7% |
| Saint John | $122.2K | $125K | +2.2% |
| Normandy Township | $71.3K | $65K | -8.9% |
| Bel-Ridge | $65.4K | $57.8K | -11.7% |
Housing Supply in Bel-Ridge, MO
How many homes are available in Bel-Ridge, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The Bel-Ridge real estate market had 10 homes for sale in March 2024, a 9.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bel-Ridge 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 decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bel-Ridge, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bel-Ridge in March 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Bel-Ridge, MO
How long does it take to sell a home in Bel-Ridge, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 130 Days | 8 Days | -93.6% |
Summary: Homes in Bel-Ridge had an average of 8 days on market in Mar 2024, down by 93.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bel-Ridge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Bel-Ridge; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.