Is Eureka, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Eureka has remained a Seller's Market.
Key Takeaway
Eureka is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Eureka, MO
How much do homes in Eureka, MO cost?
Median Sold Price
$401,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Eureka have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Eureka was $401,000 in May 2024, up 6.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $207.5K | N/A |
| 2 Bedrooms | $253.5K | $305K | +20.3% |
| 3 Bedrooms | $299.4K | $330K | +10.2% |
| 4 Bedrooms | $435K | $482K | +10.8% |
| 5+ Bedrooms | $520K | $575K | +10.6% |
Summary: Eureka housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
| Meramec Township | $374.9K | $406.5K | +8.4% |
| Eureka | $374.9K | $401K | +6.9% |
| Wildwood | $525K | $540K | +2.9% |
Housing Supply in Eureka, MO
How many homes are available in Eureka, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 65 | +38.3% |
Summary: The Eureka real estate market had 65 homes for sale in May 2024, a 38.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 16 | 26 | +62.5% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Eureka housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Eureka, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Eureka in May 2024, down by 13.3% month-over-month. Of the 7 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for Eureka, MO
How long does it take to sell a home in Eureka, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 39 Days | +20.9% |
Summary: Homes in Eureka had an average of 39 days on market in May 2024, up by 20.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Eureka are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Eureka; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.