Is Mehlville, 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, Mehlville has remained a Seller's Market.
Key Takeaway
Mehlville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mehlville, MO
How much do homes in Mehlville, MO cost?
Median Sold Price
$234,666
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mehlville have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Mehlville was $234,666 in April 2024, up 4.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $99K | $102K | +3.0% |
| 2 Bedrooms | $170K | $181.2K | +6.6% |
| 3 Bedrooms | $236.5K | $251K | +6.1% |
| 4 Bedrooms | $335K | $352K | +5.1% |
| 5+ Bedrooms | $360.8K | $432.2K | +19.8% |
Summary: Mehlville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Lemay | $145K | $157.2K | +8.4% |
| South County | $247.1K | $265K | +7.2% |
| Concord | $295K | $314.5K | +6.6% |
| Mehlville | $225K | $234.6K | +4.3% |
| Oakville | $313.2K | $322.5K | +3.0% |
Housing Supply in Mehlville, MO
How many homes are available in Mehlville, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 62 | 75 | +21.0% |
Summary: The Mehlville real estate market had 75 homes for sale in April 2024, a 21.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 32 | 28 | -12.5% |
| 3 Bedrooms | 22 | 36 | +63.6% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Mehlville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 63.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mehlville, you could pay more than the asking price. 59.4% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Mehlville in April 2024, up by 18.5% month-over-month. Of the 32 sold homes, 22% were sold under asking, 19% were sold at asking, and 59% were sold over asking.
Days on Market for Mehlville, MO
How long does it take to sell a home in Mehlville, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 19 Days | -15.6% |
Summary: Homes in Mehlville had an average of 19 days on market in Apr 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mehlville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 32 homes were sold in Mehlville; 66% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.