Is Merriam Woods, 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, Merriam Woods has remained a Seller's Market.
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
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77K | - | N/A |
2 Bedrooms | $103.5K | $110K | +6.3% |
3 Bedrooms | $169.5K | $186K | +9.7% |
4 Bedrooms | $219.9K | $200K | -9.1% |
5+ Bedrooms | $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 | $185K | $199.9K | +8.1% |
Rockaway Beach | $171K | $184.7K | +8.0% |
Merriam Woods | $169.5K | $178.7K | +5.5% |
Housing Supply in Merriam Woods, MO
How many homes are available in Merriam Woods, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 14 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 12 | 13 | +8.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 5 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 48 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
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.