Is South City, 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, South City has remained a Seller's Market.
Key Takeaway
South City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South City, MO
How much do homes in South City, MO cost?
Median Sold Price
$230,062
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South City have sold for 4.7% more than they did a year ago.
Summary: The median home sold price in South City was $230,062 in March 2024, up 4.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $119.9K | +9.0% |
| 2 Bedrooms | $178K | $190K | +6.8% |
| 3 Bedrooms | $266.5K | $276.4K | +3.7% |
| 4 Bedrooms | $349.1K | $350.6K | 0.4% |
| 5+ Bedrooms | $425K | $465K | +9.4% |
Summary: South City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 6.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Southampton | $257.2K | $290K | +12.7% |
| South City | $219.6K | $230K | +4.7% |
| North Hampton | $252K | $247.4K | -1.8% |
| Kingshighway Hills | $240K | $234.5K | -2.3% |
| Tilles Park | $262.5K | $250K | -4.8% |
Housing Supply in South City, MO
How many homes are available in South City, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 556 | 630 | +13.3% |
Summary: The South City real estate market had 630 homes for sale in March 2024, a 13.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 33 | 38 | +15.2% |
| 2 Bedrooms | 203 | 240 | +18.2% |
| 3 Bedrooms | 221 | 246 | +11.3% |
| 4 Bedrooms | 85 | 87 | +2.4% |
| 5+ Bedrooms | 14 | 19 | +35.7% |
Summary: The South City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 35.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 157 | 177 | +12.7% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
75 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South City, you could pay more than the asking price. 42.4% of homes here sold above asking price last month.
Summary: A total of 177 homes were sold or pending in South City in March 2024, up by 12.7% month-over-month. Of the 177 sold homes, 39% were sold under asking, 19% were sold at asking, and 42% were sold over asking.
Days on Market for South City, MO
How long does it take to sell a home in South City, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 34 Days | +11.4% |
Summary: Homes in South City had an average of 34 days on market in Mar 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South City are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 177 homes were sold in South City; 66% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.