Is Sappington, 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, Sappington has remained a Seller's Market.
Key Takeaway
Sappington is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sappington, MO
How much do homes in Sappington, MO cost?
Median Sold Price
$279,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sappington have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Sappington was $279,000 in April 2024, up 18.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $95K | $109K | +14.7% |
| 2 Bedrooms | $141.7K | $159K | +12.2% |
| 3 Bedrooms | $260K | $279.5K | +7.5% |
| 4 Bedrooms | $520K | $460.7K | -11.4% |
| 5+ Bedrooms | $518.4K | $619.9K | +19.6% |
Summary: Sappington housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Sappington | $235K | $279K | +18.7% |
| South County | $247.1K | $265K | +7.2% |
| Concord | $295K | $314.5K | +6.6% |
Housing Supply in Sappington, MO
How many homes are available in Sappington, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Sappington real estate market had 20 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 11 | +10.0% |
| 4 Bedrooms | 0 | 3 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Sappington 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 decreased by 25%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sappington, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Sappington in April 2024, the same as the previous month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Sappington, MO
How long does it take to sell a home in Sappington, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 8 Days | 46 Days | +452.7% |
Summary: Homes in Sappington had an average of 46 days on market in Apr 2024, up by 452.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sappington are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Sappington; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.