Is O'Fallon, 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, O'Fallon has remained a Seller's Market.
Housing Prices in O'Fallon, MO
How much do homes in O'Fallon, MO cost?
Median Sold Price
$348,490
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in O'Fallon was $348,490 in March 2024, up 9.1% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $229.8K | $240K | +4.4% |
3 Bedrooms | $300K | $319.9K | +6.6% |
4 Bedrooms | $411.4K | $425K | +3.3% |
5+ Bedrooms | $480K | $515K | +7.3% |
Summary: O'Fallon 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 4.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 7.3%.
Median Sold Price Compared To Nearby Cities
Weldon Spring Township | $347.9K | $379.9K | +9.2% |
O'Fallon | $319.3K | $348.4K | +9.1% |
O Fallon | $323K | $344.8K | +6.8% |
Dardenne Prairie | $418K | $444K | +6.2% |
Lake Saint Louis Township | $337.5K | $330K | -2.2% |
Housing Supply in O'Fallon, MO
How many homes are available in O'Fallon, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
200 | 217 | +8.5% |
Summary: The O'Fallon real estate market had 217 homes for sale in March 2024, a 8.5% 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 | 36 | 33 | -8.3% |
3 Bedrooms | 82 | 104 | +26.8% |
4 Bedrooms | 74 | 74 | 0.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The O'Fallon 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 8.3%, 3 bedroom homes increased by 26.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
60 | 75 | +25.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in O'Fallon in March 2024, up by 25.0% month-over-month. Of the 75 sold homes, 28% were sold under asking, 31% were sold at asking, and 41% were sold over asking.
Days on Market for O'Fallon, MO
How long does it take to sell a home in O'Fallon, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -7.7% |
Summary: Homes in O'Fallon had an average of 21 days on market in Mar 2024, down by 7.7% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 75 homes were sold in O'Fallon; 79% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.