Is 63107, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63107 is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 63107 was a Neutral Market.

Key Takeaway

63107 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63107, MO

How much do homes in 63107, MO cost?

Median Sold Price

$93,900

$39/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,450(+180.7%)

Key Takeaway

Homes in 63107 have sold for 180.7% more than they did a year ago.

Summary: The median home sold price in 63107 was $93,900 in October 2024, up 180.7% from last year, and the median price per square foot was $39.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $333K$27K
-91.9%
2 $25.2K$102K
+304.0%
3 $20K$137K
+585.0%
4 $210K$82K
-60.9%
5+ $90K$100K
+11.1%

Summary: 63107 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 91.9%, 2 bedroom homes increased by 304%, 3 bedroom homes increased by 585%, 4 bedroom homes decreased by 60.9%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Zip Codes

63107
+180.7%
63147
+17.0%
63115
+12.5%
63113
-2.3%

Housing Supply in 63107, MO

How many homes are available in 63107, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2730+11.1%

Summary: The 63107 real estate market had 30 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 46
+50.0%
3 813
+62.5%
4 64
-33.3%
5+ 54
-20.0%

Summary: The 63107 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 62.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63107, expect to pay close to the asking price. 37.5% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in 63107 in October 2024, up by 100.0% month-over-month. Of the 8 sold homes, 25% were sold under asking, 38% were sold at asking, and 38% were sold over asking.

Days on Market for 63107, MO

How long does it take to sell a home in 63107, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days145 Days+901.7%

Summary: Homes in 63107 had an average of 145 days on market in Oct 2024, up by 901.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 63107 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 8 homes were sold in 63107; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% 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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