Is O'Fallon Township, 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 Township has remained a Seller's Market.
Key Takeaway
O'Fallon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in O'Fallon Township, MO
How much do homes in O'Fallon Township, MO cost?
Median Sold Price
$280,400
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in O'Fallon Township have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in O'Fallon Township was $280,400 in March 2024, up 8.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $179.9K | N/A |
| 2 Bedrooms | $215K | $230K | +7.0% |
| 3 Bedrooms | $260K | $282.5K | +8.7% |
| 4 Bedrooms | $381.7K | $375K | -1.8% |
| 5+ Bedrooms | $318.5K | $415K | +30.3% |
Summary: O'Fallon Township 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 7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 30.3%.
Median Sold Price Compared To Nearby Cities
| Dardenne Township | $313.2K | $345.5K | +10.3% |
| Saint Peters Township | $285K | $310K | +8.8% |
| O'Fallon Township | $259.1K | $280.4K | +8.2% |
| Cottleville | $376K | $401K | +6.6% |
| Saint Peters | $279.9K | $296.1K | +5.8% |
Housing Supply in O'Fallon Township, MO
How many homes are available in O'Fallon Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 81 | +24.6% |
Summary: The O'Fallon Township real estate market had 81 homes for sale in March 2024, a 24.6% 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 | 19 | 26 | +36.8% |
| 3 Bedrooms | 34 | 46 | +35.3% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The O'Fallon Township 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 increased by 36.8%, 3 bedroom homes increased by 35.3%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 24 | +41.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in O'Fallon Township, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in O'Fallon Township in March 2024, up by 41.2% month-over-month. Of the 24 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for O'Fallon Township, MO
How long does it take to sell a home in O'Fallon Township, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 13 Days | 21 Days | +54.9% |
Summary: Homes in O'Fallon Township had an average of 21 days on market in Mar 2024, up by 54.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in O'Fallon Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in O'Fallon Township; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.