Is South County, 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 County has remained a Seller's Market.
Housing Prices in South County, MO
How much do homes in South County, MO cost?
Median Sold Price
$264,970
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South County was $264,970 in March 2024, up 7.8% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $82K | $90.6K | +10.5% |
2 Bedrooms | $175K | $185K | +5.7% |
3 Bedrooms | $255.2K | $275K | +7.7% |
4 Bedrooms | $375.7K | $395K | +5.1% |
5+ Bedrooms | $435K | $488.6K | +12.3% |
Summary: South County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 12.3%.
Housing Supply in South County, MO
How many homes are available in South County, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
447 | 514 | +15.0% |
Summary: The South County real estate market had 514 homes for sale in March 2024, a 15.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 12 | -14.3% |
2 Bedrooms | 139 | 162 | +16.5% |
3 Bedrooms | 209 | 220 | +5.3% |
4 Bedrooms | 70 | 98 | +40.0% |
5+ Bedrooms | 15 | 22 | +46.7% |
Summary: The South County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 46.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
150 | 172 | +14.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
107 Homes Were Sold
Over Asking
Summary: A total of 172 homes were sold or pending in South County in March 2024, up by 14.7% month-over-month. Of the 172 sold homes, 26% were sold under asking, 12% were sold at asking, and 62% were sold over asking.
Days on Market for South County, MO
How long does it take to sell a home in South County, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 14 Days | -48.4% |
Summary: Homes in South County had an average of 14 days on market in Mar 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
139 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 172 homes were sold in South County; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.