Is 63088, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63088 is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, 63088 has remained a Seller's Market.

Key Takeaway

63088 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63088, MO

How much do homes in 63088, MO cost?

Median Sold Price

$258,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$2,500(+1.0%)

Key Takeaway

Homes in 63088 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 63088 was $258,000 in December 2024, up 1% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $170.5K$112.6K
-33.9%
2 $175K$203K
+16.0%
3 $310K$281.1K
-9.3%
4 $400K$365K
-8.8%
5+ $406K-
N/A

Summary: 63088 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.9%, 2 bedroom homes increased by 16%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

63021
+6.0%
63026
+5.9%
63088
+1.0%
63122
-0.7%

Housing Supply in 63088, MO

How many homes are available in 63088, MO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2028+40.0%

Summary: The 63088 real estate market had 28 homes for sale in December 2024, a 40.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 59
+80.0%
3 1013
+30.0%
4 56
+20.0%
5+ 00
0.0%

Summary: The 63088 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
311+266.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63088, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in 63088 in December 2024, up by 266.7% month-over-month. Of the 11 sold homes, 27% were sold under asking, 18% were sold at asking, and 55% were sold over asking.

Days on Market for 63088, MO

How long does it take to sell a home in 63088, MO?

Average Sale Time

Dec 2023Dec 2024CHANGE
19 Days29 Days+53.2%

Summary: Homes in 63088 had an average of 29 days on market in Dec 2024, up by 53.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63088 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 11 homes were sold in 63088; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

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