Is Penrose, 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, Penrose was a Seller's Market.
Key Takeaway
Penrose is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Penrose, MO
How much do homes in Penrose, MO cost?
Median Sold Price
$44,500
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Penrose have sold for 20.1% more than they did a year ago.
Summary: The median home sold price in Penrose was $44,500 in April 2024, up 20.1% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $22.5K | $18K | -20.0% |
| 2 Bedrooms | $24.5K | $44.5K | +81.6% |
| 3 Bedrooms | $45.5K | $51.5K | +13.2% |
| 4 Bedrooms | $40K | $150K | +275.0% |
| 5+ Bedrooms | $37K | - | N/A |
Summary: Penrose housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 81.6%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 275%, and 5+ bedroom homes did not change.
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 Penrose, MO
How many homes are available in Penrose, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 18 | +50.0% |
Summary: The Penrose real estate market had 18 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Penrose housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Penrose, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Penrose in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Penrose, MO
How long does it take to sell a home in Penrose, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 92 Days | 2 Days | -97.8% |
Summary: Homes in Penrose had an average of 2 days on market in Apr 2024, down by 97.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Penrose are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Penrose; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.