Is O'Fallon, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, O'Fallon was a Seller's Market.
Housing Prices in O'Fallon, MO
How much do homes in O'Fallon, MO cost?
Median Sold Price
$34,500
$37/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in O'Fallon was $34,500 in April 2024, down 37.3% from last year, and the median price per square foot was $37.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $9.7K | N/A |
2 Bedrooms | $28K | $34K | +21.4% |
3 Bedrooms | $52.8K | $44K | -16.7% |
4 Bedrooms | $64.9K | $57.5K | -11.4% |
5+ Bedrooms | $68K | $77.5K | +14.0% |
Summary: O'Fallon 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 21.4%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 14%.
Median Sold Price Compared To Nearby Neighborhoods
Penrose | $37K | $44.5K | +20.1% |
North City | $45K | $47K | +4.4% |
O'Fallon | $55K | $34.5K | -37.3% |
Housing Supply in O'Fallon, MO
How many homes are available in O'Fallon, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 10 | +25.0% |
Summary: The O'Fallon real estate market had 10 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The O'Fallon 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
0 | 1 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in O'Fallon in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 96 Days | +154.9% |
Summary: Homes in O'Fallon had an average of 96 days on market in Apr 2024, up by 154.9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 1 homes were sold in O'Fallon; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.