Is Merriam Woods, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merriam Woods is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Merriam Woods has remained a Seller's Market.

Key Takeaway

Merriam Woods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Merriam Woods, MO

How much do homes in Merriam Woods, MO cost?

Median Sold Price

$178,750

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$9,250(+5.5%)

Key Takeaway

Homes in Merriam Woods have sold for 5.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $77K-
N/A
2 $103.5K$110K
+6.3%
3 $169.5K$186K
+9.7%
4 $219.9K$200K
-9.1%
5+ $175K-
N/A

Summary: Merriam Woods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jasper Township
+8.1%
Rockaway Beach
+8.0%
Merriam Woods
+5.5%

Housing Supply in Merriam Woods, MO

How many homes are available in Merriam Woods, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1314+7.7%

Summary: The Merriam Woods real estate market had 14 homes for sale in April 2024, a 7.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1213
+8.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Merriam Woods 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 remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merriam Woods, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Merriam Woods in April 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Merriam Woods, MO

How long does it take to sell a home in Merriam Woods, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days48 Days+23.5%

Summary: Homes in Merriam Woods had an average of 48 days on market in Apr 2024, up by 23.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Merriam Woods are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Merriam Woods; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Merriam Woods, MO

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