Is Glencoe, 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, Glencoe has remained a Seller's Market.
Key Takeaway
Glencoe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Glencoe, MO
How much do homes in Glencoe, MO cost?
Median Sold Price
$595,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Glencoe have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Glencoe was $595,000 in March 2024, down 5.5% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $140K | $120K | -14.3% |
| 3 Bedrooms | $535K | $475K | -11.2% |
| 4 Bedrooms | $600K | $597.5K | -0.4% |
| 5+ Bedrooms | $755K | $781.5K | +3.5% |
Summary: Glencoe 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 14.3%, 3 bedroom homes decreased by 11.2%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
| Ellisville | $340K | $382.4K | +12.5% |
| Chesterfield Township | $549.6K | $575K | +4.6% |
| Grover | $401.8K | $420K | +4.5% |
| Wildwood | $517.1K | $530K | +2.5% |
| Glencoe | $629.9K | $595K | -5.5% |
Housing Supply in Glencoe, MO
How many homes are available in Glencoe, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 15 | +114.3% |
Summary: The Glencoe real estate market had 15 homes for sale in March 2024, a 114.3% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Glencoe 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Glencoe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Glencoe in March 2024, up by 300.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Glencoe, MO
How long does it take to sell a home in Glencoe, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 55 Days | +35.4% |
Summary: Homes in Glencoe had an average of 55 days on market in Mar 2024, up by 35.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Glencoe are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Glencoe; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.