Is 63042, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63042 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63042 has remained a Seller's Market.

Key Takeaway

63042 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63042, MO

How much do homes in 63042, MO cost?

Median Sold Price

$159,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+2.6%)

Key Takeaway

Homes in 63042 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 63042 was $159,000 in October 2024, up 2.6% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $39.7K$41.9K
+5.5%
2 $87.5K$72K
-17.7%
3 $160K$161K
+0.6%
4 $176K$190K
+8.0%
5+ $225K-
N/A

Summary: 63042 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 17.7%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

63134
+8.1%
63135
+7.9%
63044
+5.0%
63042
+2.6%
63031
+1.0%

Housing Supply in 63042, MO

How many homes are available in 63042, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4552+15.6%

Summary: The 63042 real estate market had 52 homes for sale in October 2024, a 15.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 118
-27.3%
3 2733
+22.2%
4 57
+40.0%
5+ 01
+100.0%

Summary: The 63042 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63042, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in 63042 in October 2024, down by 12.5% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.

Days on Market for 63042, MO

How long does it take to sell a home in 63042, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days32 Days+72.6%

Summary: Homes in 63042 had an average of 32 days on market in Oct 2024, up by 72.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63042 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 63042; 57% of homes were sold within 30 days, 29% 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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