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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63118 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63118 has remained a Seller's Market.

Key Takeaway

63118 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63118, MO

How much do homes in 63118, MO cost?

Median Sold Price

$229,583

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$833(+0.4%)

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 $229,583 in October 2024, up 0.4% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $83.5K$84K
+0.6%
2 $168.7K$149K
-11.7%
3 $269.6K$270K
0.1%
4 $325.9K$300K
-8.0%
5+ $417K$430K
+3.1%

Summary: 63118 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Zip Codes

63111
+13.0%
63116
+5.2%
63118
0.4%
63104
-5.0%

Housing Supply in 63118, MO

How many homes are available in 63118, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
110124+12.7%

Summary: The 63118 real estate market had 124 homes for sale in October 2024, a 12.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 3830
-21.1%
3 4658
+26.1%
4 1220
+66.7%
5+ 1213
+8.3%

Summary: The 63118 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 21.1%, 3 bedroom homes increased by 26.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2026+30.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 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. 34.6% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 63118 in October 2024, up by 30.0% month-over-month. Of the 26 sold homes, 35% were sold under asking, 35% were sold at asking, and 31% 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

Oct 2023Oct 2024CHANGE
33 Days53 Days+60.4%

Summary: Homes in 63118 had an average of 53 days on market in Oct 2024, up by 60.4% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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 October 2024, 26 homes were sold in 63118; 46% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 12% 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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