Is 63111, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63111 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 63111 was a Seller's Market.

Key Takeaway

63111 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 63111, MO

How much do homes in 63111, MO cost?

Median Sold Price

$135,500

$106/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,600(+13.0%)

Key Takeaway

Homes in 63111 have sold for 13% more than they did a year ago.

Summary: The median home sold price in 63111 was $135,500 in October 2024, up 13% from last year, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $57.7K$77.4K
+34.1%
2 $107.5K$127.2K
+18.4%
3 $150.6K$160K
+6.2%
4 $183K$251.8K
+37.6%
5+ $147.5K$225.5K
+52.9%

Summary: 63111 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 37.6%, and 5+ bedroom homes increased by 52.9%.

Median Sold Price Compared To Nearby Zip Codes

63111
+13.0%
63125
+9.0%
63116
+5.2%
63118
0.4%

Housing Supply in 63111, MO

How many homes are available in 63111, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
125138+10.4%

Summary: The 63111 real estate market had 138 homes for sale in October 2024, a 10.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 98
-11.1%
2 5456
+3.7%
3 4759
+25.5%
4 1414
0.0%
5+ 11
0.0%

Summary: The 63111 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 25.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
20200.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63111, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 63111 in October 2024, the same as the previous month. Of the 20 sold homes, 65% were sold under asking, 20% were sold at asking, and 15% were sold over asking.

Days on Market for 63111, MO

How long does it take to sell a home in 63111, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
14 Days53 Days+263.2%

Summary: Homes in 63111 had an average of 53 days on market in Oct 2024, up by 263.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 63111 has remained consistent over time.

Summary: During October 2024, 20 homes were sold in 63111; 40% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 5% 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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