Is Sunset Hills, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Hills is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Sunset Hills has remained a Seller's Market.

Key Takeaway

Sunset Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sunset Hills, MO

How much do homes in Sunset Hills, MO cost?

Median Sold Price

$535,250

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$5,750(-1.1%)

Key Takeaway

Homes in Sunset Hills have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Sunset Hills was $535,250 in March 2024, down 1.1% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135K$110K
-18.5%
2 $253.5K$225K
-11.3%
3 $430K$425K
-1.2%
4 $650K$769K
+18.3%
5+ $1.0M$930K
-14.5%

Summary: Sunset Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.5%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 18.3%, and 5+ bedroom homes decreased by 14.5%.

Median Sold Price Compared To Nearby Cities

Gravois Township
+12.2%
Fenton
+10.0%
Crestwood
+7.2%
Bonhomme Township
+3.0%
Sunset Hills
-1.1%

Housing Supply in Sunset Hills, MO

How many homes are available in Sunset Hills, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1822+22.2%

Summary: The Sunset Hills real estate market had 22 homes for sale in March 2024, a 22.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 44
0.0%
3 58
+60.0%
4 67
+16.7%
5+ 23
+50.0%

Summary: The Sunset Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Hills, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Sunset Hills in March 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.

Days on Market for Sunset Hills, MO

How long does it take to sell a home in Sunset Hills, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days10 Days-79.5%

Summary: Homes in Sunset Hills had an average of 10 days on market in Mar 2024, down by 79.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sunset Hills are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in Sunset Hills; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

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