March 2024

Velda City Housing Market Report Saint Louis County, Missouri

Report Updated 18 Days Ago

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

Housing Market Conditions

Neutral
Market

Seller's
Market

Buyer's
Market

Difference Since Last Month

Last month, Velda City was a Seller's Market.

Key Takeaway

Velda City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Velda City, MO

How much do homes in Velda City, MO cost?

Median Sold Price

$100,000

Based on all homes sold in March 2024.

Difference Since Last Month

+$40,000(+66.7%)

Key Takeaway

Homes in Velda City have sold for 66.7% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	$60K	-	N/A
2 Bedrooms	$58.5K	$100K	+70.9%
3 Bedrooms	-	-	N/A
4 Bedrooms	-	-	N/A
5+ Bedrooms	-	-	N/A

Summary: Velda City housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 70.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

CITY	Feb 2024	Mar 2024	CHANGE
Velda Village Hills	$24.5K	$120K	+389.8%
Velda City	$60K	$100K	+66.7%

Housing Supply in Velda City, MO

How many homes are available in Velda City, MO?

Number of Homes For Sale

Feb 2024	Mar 2024	CHANGE
13	10	-23.1%

Summary: The Velda City real estate market had 10 homes for sale in March 2024, a 23.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDS# BEDROOMS	Feb 2024	Mar 2024	CHANGE
1 Bedroom	2	0	-100.0%
2 Bedrooms	8	7	-12.5%
3 Bedrooms	3	3	0.0%
4 Bedrooms	0	0	0.0%
5+ Bedrooms	0	0	0.0%

Summary: The Velda City 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024	Mar 2024	CHANGE
4	1	-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Key Takeaway

If you're buying a home in Velda City, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Velda City in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Velda City, MO

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

Average Sale Time

Feb 2024	Mar 2024	CHANGE
77 Days	9 Days	-88.4%

Summary: Homes in Velda City had an average of 9 days on market in Mar 2024, down by 88.4% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Key Takeaway

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

Summary: During March 2024, 1 homes were sold in Velda City; 100% of homes were sold within 30 days, 0% 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 18 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 02/01/2024 - 04/01/2024

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: 4/18/2024, 9:23:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.