Is Lemay, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lemay has remained a Seller's Market.
Key Takeaway
Lemay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lemay, MO
How much do homes in Lemay, MO cost?
Median Sold Price
$157,250
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lemay have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Lemay was $157,250 in April 2024, up 8.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $75K | +4.2% |
| 2 Bedrooms | $140K | $146.5K | +4.6% |
| 3 Bedrooms | $180K | $199.9K | +11.1% |
| 4 Bedrooms | $182.4K | $225K | +23.3% |
| 5+ Bedrooms | $299K | $239.9K | -19.8% |
Summary: Lemay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes decreased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Affton | $215K | $235K | +9.3% |
| Lemay | $145K | $157.2K | +8.4% |
| Boulevard Heights | $184.2K | $195K | +5.9% |
| Carondelet | $120K | $119.2K | -0.7% |
| Patch | $108.5K | $100K | -7.8% |
Housing Supply in Lemay, MO
How many homes are available in Lemay, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 69 | -1.4% |
Summary: The Lemay real estate market had 69 homes for sale in April 2024, a 1.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 43 | 36 | -16.3% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 3 | 7 | +133.3% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Lemay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lemay, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Lemay in April 2024, down by 25.0% month-over-month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% were sold over asking.
Days on Market for Lemay, MO
How long does it take to sell a home in Lemay, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 20 Days | 21 Days | +4.9% |
Summary: Homes in Lemay had an average of 21 days on market in Apr 2024, up by 4.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lemay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 18 homes were sold in Lemay; 83% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.