Is University City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University City is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, University City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in University City, MO

How much do homes in University City, MO cost?

Median Sold Price

$319,966

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$2,100(-0.7%)

Key Takeaway

Homes in University City have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in University City was $319,966 in June 2024, down 0.7% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $56.4K$73K
+29.4%
2 $135K$145K
+7.4%
3 $325K$355.6K
+9.4%
4 $490K$512K
+4.5%
5+ $720K$730K
+1.4%

Summary: University City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Cities

Clayton
+12.5%
Pagedale
+7.8%
University City
-0.7%
University Township
-11.4%

Housing Supply in University City, MO

How many homes are available in University City, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
148141-4.7%

Summary: The University City real estate market had 141 homes for sale in June 2024, a 4.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 32
-33.3%
2 4335
-18.6%
3 6170
+14.8%
4 2823
-17.9%
5+ 1311
-15.4%

Summary: The University City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 18.6%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes decreased by 15.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE
4951+4.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in University City, you could pay more than the asking price. 49% of homes here sold above asking price last month.

Summary: A total of 51 homes were sold or pending in University City in June 2024, up by 4.1% month-over-month. Of the 51 sold homes, 35% were sold under asking, 16% were sold at asking, and 49% were sold over asking.

Days on Market for University City, MO

How long does it take to sell a home in University City, MO?

Average Sale Time

Jun 2023Jun 2024CHANGE
15 Days21 Days+33.0%

Summary: Homes in University City had an average of 21 days on market in Jun 2024, up by 33% compared to last year.

Breakdown of Home Sale Times

37 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 51 homes were sold in University City; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 2% 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 26 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 07/01/2022 - 07/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/26/2024, 9:23:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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