Is Central Corridor, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Central Corridor was a Seller's Market.
Key Takeaway
Central Corridor is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Central Corridor, MO
How much do homes in Central Corridor, MO cost?
Median Sold Price
$280,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central Corridor have sold for 22.8% more than they did a year ago.
Summary: The median home sold price in Central Corridor was $280,000 in March 2024, up 22.8% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $134K | $137K | +2.2% |
| 2 Bedrooms | $210K | $227.2K | +8.2% |
| 3 Bedrooms | $359.5K | $410K | +14.0% |
| 4 Bedrooms | $591.4K | $580K | -1.9% |
| 5+ Bedrooms | $730K | $773.5K | +6.0% |
Summary: Central Corridor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Corridor | $228K | $280K | +22.8% |
| Central West End | $345K | $350.6K | +1.6% |
| Forest Park Southeast | $387.5K | $315K | -18.7% |
Housing Supply in Central Corridor, MO
How many homes are available in Central Corridor, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 195 | 232 | +19.0% |
Summary: The Central Corridor real estate market had 232 homes for sale in March 2024, a 19.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 45 | 63 | +40.0% |
| 2 Bedrooms | 86 | 107 | +24.4% |
| 3 Bedrooms | 38 | 36 | -5.3% |
| 4 Bedrooms | 9 | 13 | +44.4% |
| 5+ Bedrooms | 17 | 13 | -23.5% |
Summary: The Central Corridor housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 24.4%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes decreased by 23.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 32 | -8.6% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Corridor, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Central Corridor in March 2024, down by 8.6% month-over-month. Of the 32 sold homes, 69% were sold under asking, 16% were sold at asking, and 16% were sold over asking.
Days on Market for Central Corridor, MO
How long does it take to sell a home in Central Corridor, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 69 Days | +27.1% |
Summary: Homes in Central Corridor had an average of 69 days on market in Mar 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Corridor are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Central Corridor; 38% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.