Is 63031, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63031 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63031 has remained a Seller's Market.

Key Takeaway

63031 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63031, MO

How much do homes in 63031, MO cost?

Median Sold Price

$162,227

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,527(+1.0%)

Key Takeaway

Homes in 63031 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 63031 was $162,227 in October 2024, up 1% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $55K$57.5K
+4.5%
2 $129K$130K
+0.8%
3 $165K$165K
0.0%
4 $220K$209K
-5.0%
5+ $230K$236.2K
+2.7%

Summary: 63031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes did not change, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

63135
+7.9%
63033
+5.8%
63034
+3.1%
63042
+2.6%
63031
+1.0%

Housing Supply in 63031, MO

How many homes are available in 63031, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
168172+2.4%

Summary: The 63031 real estate market had 172 homes for sale in October 2024, a 2.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 2824
-14.3%
3 117119
+1.7%
4 2126
+23.8%
5+ 11
0.0%

Summary: The 63031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5646-17.9%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63031, you could pay more than the asking price. 45.7% of homes here sold above asking price last month.

Summary: A total of 46 homes were sold or pending in 63031 in October 2024, down by 17.9% month-over-month. Of the 46 sold homes, 37% were sold under asking, 17% were sold at asking, and 46% were sold over asking.

Days on Market for 63031, MO

How long does it take to sell a home in 63031, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days24 Days+30.7%

Summary: Homes in 63031 had an average of 24 days on market in Oct 2024, up by 30.7% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63031 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in 63031; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 21 Days Ago

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