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 November 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

$337,666

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,166(+10.2%)

Key Takeaway

Homes in University City have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in University City was $337,666 in November 2024, up 10.2% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $56.4K$219K
+288.3%
2 $135K$155K
+14.8%
3 $325K$381.3K
+17.3%
4 $510K$527.5K
+3.4%
5+ $649.7K$670K
+3.1%

Summary: University City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 288.3%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Pagedale
+43.3%
University City
+10.2%
University Township
+4.2%
Clayton
+1.0%

Housing Supply in University City, MO

How many homes are available in University City, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128127-0.8%

Summary: The University City real estate market had 127 homes for sale in November 2024, a 0.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 3839
+2.6%
3 5956
-5.1%
4 2527
+8.0%
5+ 44
0.0%

Summary: The University City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2823-17.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 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. 47.8% of homes here sold above asking price last month.

Summary: A total of 23 homes were sold or pending in University City in November 2024, down by 17.9% month-over-month. Of the 23 sold homes, 39% were sold under asking, 13% were sold at asking, and 48% 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

Nov 2023Nov 2024CHANGE
29 Days26 Days-10.0%

Summary: Homes in University City had an average of 26 days on market in Nov 2024, down by 10% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 23 homes were sold in University City; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% 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 3 Days Ago

Newest Listings in University City, MO

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