Is Maryland Heights, 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, Maryland Heights has remained a Seller's Market.
Key Takeaway
Maryland Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Maryland Heights, MO
How much do homes in Maryland Heights, MO cost?
Median Sold Price
$247,750
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Maryland Heights have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Maryland Heights was $247,750 in March 2024, up 7.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | - | N/A |
| 2 Bedrooms | $174K | $174.9K | 0.5% |
| 3 Bedrooms | $235K | $252K | +7.2% |
| 4 Bedrooms | $285.9K | $305K | +6.7% |
| 5+ Bedrooms | $366.5K | $425K | +16.0% |
Summary: Maryland Heights 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 0.5%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Maryland Heights | $230K | $247.7K | +7.7% |
| Maryland Heights Township | $265K | $280K | +5.7% |
| Bridgeton | $235K | $245K | +4.3% |
| Creve Coeur Township | $335.5K | $343.9K | +2.5% |
Housing Supply in Maryland Heights, MO
How many homes are available in Maryland Heights, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 54 | +8.0% |
Summary: The Maryland Heights real estate market had 54 homes for sale in March 2024, a 8.0% 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 | 12 | 9 | -25.0% |
| 3 Bedrooms | 30 | 36 | +20.0% |
| 4 Bedrooms | 8 | 9 | +12.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Maryland Heights 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 25%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Maryland Heights, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Maryland Heights in March 2024, up by 50.0% month-over-month. Of the 27 sold homes, 26% were sold under asking, 15% were sold at asking, and 59% were sold over asking.
Days on Market for Maryland Heights, MO
How long does it take to sell a home in Maryland Heights, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 19 Days | -31.2% |
Summary: Homes in Maryland Heights had an average of 19 days on market in Mar 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Maryland Heights are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Maryland Heights; 78% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.