Is 63118, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63118 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 63118 was a Seller's Market.

Key Takeaway

63118 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 63118, MO

How much do homes in 63118, MO cost?

Median Sold Price

$230,000

$143/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since November 2023.

Key Takeaway

The sold price of homes in 63118 has remained the same since last year.

Summary: The median home sold price in 63118 was $230,000 in November 2024, the same as last year, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $83.5K$75.5K
-9.6%
2 $164.9K$148K
-10.2%
3 $269K$274.9K
+2.2%
4 $325.9K$277.4K
-14.9%
5+ $417K$430K
+3.1%

Summary: 63118 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 14.9%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

63111
+11.6%
63116
+5.4%
63118
0.0%
63104
-5.7%

Housing Supply in 63118, MO

How many homes are available in 63118, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
106119+12.3%

Summary: The 63118 real estate market had 119 homes for sale in November 2024, a 12.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 24
+100.0%
2 2828
0.0%
3 4651
+10.9%
4 1926
+36.8%
5+ 1110
-9.1%

Summary: The 63118 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2814-50.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63118, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in 63118 in November 2024, down by 50.0% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for 63118, MO

How long does it take to sell a home in 63118, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days27 Days-29.8%

Summary: Homes in 63118 had an average of 27 days on market in Nov 2024, down by 29.8% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63118 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in 63118; 57% of homes were sold within 30 days, 36% 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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