Is Eureka, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Eureka is a 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

+$26,050(+6.9%)

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

# BEDSMay 2023May 2024CHANGE
1 -$207.5K
N/A
2 $253.5K$305K
+20.3%
3 $299.4K$330K
+10.2%
4 $435K$482K
+10.8%
5+ $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
+8.4%
Eureka
+6.9%
Wildwood
+2.9%

Housing Supply in Eureka, MO

How many homes are available in Eureka, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4765+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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 76
-14.3%
3 2025
+25.0%
4 1626
+62.5%
5+ 37
+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 2024May 2024CHANGE
1513-13.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023May 2024CHANGE
32 Days39 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

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