Is O Fallon, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, O Fallon has remained a Seller's Market.
Key Takeaway
O Fallon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in O Fallon, MO
How much do homes in O Fallon, MO cost?
Median Sold Price
$345,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in O Fallon have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in O Fallon was $345,000 in April 2024, up 6.2% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $527.1K | N/A |
| 2 Bedrooms | $230K | $243.5K | +5.9% |
| 3 Bedrooms | $300K | $316.6K | +5.6% |
| 4 Bedrooms | $415K | $430K | +3.6% |
| 5+ Bedrooms | $505K | $482.5K | -4.5% |
Summary: O Fallon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 4.5%.
Median Sold Price Compared To Nearby Cities
| O'Fallon | $323K | $349.9K | +8.3% |
| O Fallon | $325K | $345K | +6.2% |
| Lake Saint Louis Township | $338.3K | $328.3K | -3.0% |
| Saint Paul | $520K | $414K | -20.4% |
Housing Supply in O Fallon, MO
How many homes are available in O Fallon, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 257 | 257 | 0.0% |
Summary: The O Fallon real estate market had 257 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 37 | 44 | +18.9% |
| 3 Bedrooms | 123 | 118 | -4.1% |
| 4 Bedrooms | 82 | 84 | +2.4% |
| 5+ Bedrooms | 15 | 11 | -26.7% |
Summary: The O Fallon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.9%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 26.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 81 | -20.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in O Fallon, you could pay more than the asking price. 49.4% of homes here sold above asking price last month.
Summary: A total of 81 homes were sold or pending in O Fallon in April 2024, down by 20.6% month-over-month. Of the 81 sold homes, 22% were sold under asking, 28% were sold at asking, and 49% were sold over asking.
Days on Market for O Fallon, MO
How long does it take to sell a home in O Fallon, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 27 Days | +28.2% |
Summary: Homes in O Fallon had an average of 27 days on market in Apr 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
55 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in O Fallon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 81 homes were sold in O Fallon; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.