Is Frontenac, 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, Frontenac has remained a Seller's Market.
Key Takeaway
Frontenac is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Frontenac, MO
How much do homes in Frontenac, MO cost?
Median Sold Price
$1,100,000
$296/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Frontenac have sold for 10% more than they did a year ago.
Summary: The median home sold price in Frontenac was $1,100,000 in March 2024, up 10% from last year, and the median price per square foot was $296.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $575K | $840K | +46.1% |
| 3 Bedrooms | $765K | $896.2K | +17.2% |
| 4 Bedrooms | $1.0M | $1.1M | +8.5% |
| 5+ Bedrooms | $1.7M | $2.2M | +28.5% |
Summary: Frontenac 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 46.1%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 28.5%.
Median Sold Price Compared To Nearby Cities
| Clayton Township | $363.6K | $489.7K | +34.7% |
| Ladue | $950K | $1.0M | +10.5% |
| Frontenac | $1.0M | $1.1M | +10.0% |
Housing Supply in Frontenac, MO
How many homes are available in Frontenac, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Summary: The Frontenac real estate market had 14 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Frontenac 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Frontenac, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Frontenac in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Frontenac, MO
How long does it take to sell a home in Frontenac, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 80 Days | 24 Days | -69.8% |
Summary: Homes in Frontenac had an average of 24 days on market in Mar 2024, down by 69.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Frontenac are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Frontenac; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.