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 January 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

$314,238

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$15,428(-4.7%)

Key Takeaway

Homes in University City have sold for 4.7% less than they did a year ago.

Summary: The median home sold price in University City was $314,238 in January 2024, down 4.7% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $105K$57.5K
-45.2%
2 $135K$135K
0.0%
3 $321.7K$335.9K
+4.4%
4 $526.9K$515.8K
-2.1%
5+ $740K$654.5K
-11.6%

Summary: University City housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.4%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 11.6%.

Median Sold Price Compared To Nearby Cities

Clayton
+11.8%
University City
-4.7%
University Township
-7.4%
Pagedale
-29.9%

Housing Supply in University City, MO

How many homes are available in University City, MO?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
85850.0%

Summary: The University City real estate market had 85 homes for sale in January 2024, the same as December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 01
+100.0%
2 1920
+5.3%
3 5143
-15.7%
4 813
+62.5%
5+ 78
+14.3%

Summary: The University City housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2622-15.4%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in University City, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in University City in January 2024, down by 15.4% month-over-month. Of the 22 sold homes, 64% were sold under asking, 14% were sold at asking, and 23% 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

Jan 2023Jan 2024CHANGE
61 Days43 Days-29.5%

Summary: Homes in University City had an average of 43 days on market in Jan 2024, down by 29.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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 January 2024, 22 homes were sold in University City; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 27 Days Ago

Newest Listings in University City, MO

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