Is Defiance, 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, Defiance has remained a Seller's Market.
Housing Prices in Defiance, MO
How much do homes in Defiance, MO cost?
Median Sold Price
$645,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Defiance was $645,000 in March 2024, up 4.1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $250K | $184.2K | -26.3% |
3 Bedrooms | $507.5K | $501.4K | -1.2% |
4 Bedrooms | $677.5K | $825K | +21.8% |
5+ Bedrooms | $875K | $1.0M | +18.9% |
Summary: Defiance 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 decreased by 26.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 18.9%.
Median Sold Price Compared To Nearby Cities
O Fallon | $323K | $344.8K | +6.8% |
Defiance | $619.7K | $645K | +4.1% |
Boone Township | $395.8K | $411.5K | +4.0% |
Housing Supply in Defiance, MO
How many homes are available in Defiance, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Summary: The Defiance real estate market had 8 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Defiance 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Defiance in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Defiance, MO
How long does it take to sell a home in Defiance, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
87 Days | 49 Days | -43.4% |
Summary: Homes in Defiance had an average of 49 days on market in Mar 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 2 homes were sold in Defiance; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.