Is Merriam Woods, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Merriam Woods was a Seller's Market.
Housing Prices in Merriam Woods, MO
How much do homes in Merriam Woods, MO cost?
Median Sold Price
$169,000
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $77K | - | N/A |
2 Bedrooms | $103.5K | $110K | +6.3% |
3 Bedrooms | $174K | $175K | +0.6% |
4 Bedrooms | $219.9K | $200K | -9.1% |
5+ Bedrooms | - | - | N/A |
Summary: Merriam Woods 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 6.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Jasper Township | $186.2K | $193.2K | +3.8% |
Merriam Woods | $171.7K | $169K | -1.6% |
Rockaway Beach | $186.2K | $176K | -5.5% |
Housing Supply in Merriam Woods, MO
How many homes are available in Merriam Woods, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 10 | -28.6% |
Summary: The Merriam Woods real estate market had 10 homes for sale in May 2024, a 28.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 13 | 8 | -38.5% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Merriam Woods 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 increased by 100%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 1 | -80.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Merriam Woods in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Merriam Woods, MO
How long does it take to sell a home in Merriam Woods, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 4 Days | -69.2% |
Summary: Homes in Merriam Woods had an average of 4 days on market in May 2024, down by 69.2% compared to last year.
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
Summary: During May 2024, 1 homes were sold in Merriam Woods; 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.