Is Ferguson, 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, Ferguson has remained a Seller's Market.
Key Takeaway
Ferguson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferguson, MO
How much do homes in Ferguson, MO cost?
Median Sold Price
$97,500
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ferguson have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in Ferguson was $97,500 in March 2024, down 15.2% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20.2K | $50K | +146.9% |
| 2 Bedrooms | $80K | $74K | -7.5% |
| 3 Bedrooms | $128.5K | $108K | -16.0% |
| 4 Bedrooms | $200K | $135K | -32.5% |
| 5+ Bedrooms | $230K | $210K | -8.7% |
Summary: Ferguson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 146.9%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 16%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Dellwood | $111.9K | $101.5K | -9.3% |
| Ferguson Township | $135K | $119.9K | -11.2% |
| Ferguson | $115K | $97.5K | -15.2% |
| Norwood Township | $78.3K | $65K | -17.0% |
Housing Supply in Ferguson, MO
How many homes are available in Ferguson, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 74 | 77 | +4.1% |
Summary: The Ferguson real estate market had 77 homes for sale in March 2024, a 4.1% increase 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 | 33 | 31 | -6.1% |
| 3 Bedrooms | 27 | 32 | +18.5% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ferguson 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 6.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferguson, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Ferguson in March 2024, down by 31.8% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Ferguson, MO
How long does it take to sell a home in Ferguson, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 44 Days | -8.1% |
Summary: Homes in Ferguson had an average of 44 days on market in Mar 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ferguson are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Ferguson; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.