Is O'Fallon Township, 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 Township has remained a Seller's Market.
Housing Prices in O'Fallon Township, MO
How much do homes in O'Fallon Township, MO cost?
Median Sold Price
$280,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in O'Fallon Township was $280,000 in April 2024, up 7.7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $179.9K | N/A |
2 Bedrooms | $215K | $232.5K | +8.1% |
3 Bedrooms | $261K | $282.2K | +8.1% |
4 Bedrooms | $385K | $365K | -5.2% |
5+ Bedrooms | $321.7K | $404K | +25.6% |
Summary: O'Fallon Township 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 8.1%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes increased by 25.6%.
Median Sold Price Compared To Nearby Cities
Saint Peters Township | $285K | $315K | +10.5% |
Cottleville | $380K | $412K | +8.4% |
Dardenne Township | $316K | $341K | +7.9% |
O'Fallon Township | $259.9K | $280K | +7.7% |
Saint Peters | $279.9K | $299.6K | +7.0% |
Housing Supply in O'Fallon Township, MO
How many homes are available in O'Fallon Township, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
70 | 80 | +14.3% |
Summary: The O'Fallon Township real estate market had 80 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 26 | 22 | -15.4% |
3 Bedrooms | 35 | 45 | +28.6% |
4 Bedrooms | 8 | 11 | +37.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The O'Fallon Township 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 decreased by 15.4%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 35 | +45.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in O'Fallon Township in April 2024, up by 45.8% month-over-month. Of the 35 sold homes, 31% were sold under asking, 17% were sold at asking, and 51% were sold over asking.
Days on Market for O'Fallon Township, MO
How long does it take to sell a home in O'Fallon Township, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 18 Days | +40.6% |
Summary: Homes in O'Fallon Township had an average of 18 days on market in Apr 2024, up by 40.6% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in O'Fallon Township; 80% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.