Is Richmond Heights, 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, Richmond Heights has remained a Seller's Market.
Housing Prices in Richmond Heights, MO
How much do homes in Richmond Heights, MO cost?
Median Sold Price
$351,207
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Richmond Heights was $351,207 in April 2024, down 2.4% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155.8K | $185K | +18.7% |
2 Bedrooms | $245K | $298.7K | +21.9% |
3 Bedrooms | $365K | $342K | -6.3% |
4 Bedrooms | $725K | $709.8K | -2.1% |
5+ Bedrooms | $1.0M | $931.5K | -11.3% |
Summary: Richmond Heights housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 21.9%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
Clayton | $555K | $684.5K | +23.3% |
Brentwood | $245K | $264K | +7.8% |
Hadley Township | $359.9K | $360.1K | 0.1% |
Maplewood | $280.2K | $275K | -1.9% |
Richmond Heights | $359.9K | $351.2K | -2.4% |
Housing Supply in Richmond Heights, MO
How many homes are available in Richmond Heights, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 25 | +4.2% |
Summary: The Richmond Heights real estate market had 25 homes for sale in April 2024, a 4.2% 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 | 5 | 6 | +20.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 2 | 0 | -100.0% |
Summary: The Richmond Heights 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 20%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Richmond Heights in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 17% were sold under asking, 0% were sold at asking, and 83% were sold over asking.
Days on Market for Richmond Heights, MO
How long does it take to sell a home in Richmond Heights, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 2 Days | -89.2% |
Summary: Homes in Richmond Heights had an average of 2 days on market in Apr 2024, down by 89.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Richmond Heights; 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.