Is 63127, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63127 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63127 has remained a Seller's Market.

Key Takeaway

63127 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63127, MO

How much do homes in 63127, MO cost?

Median Sold Price

$735,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$60,000(+8.9%)

Key Takeaway

Homes in 63127 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 63127 was $735,000 in October 2024, up 8.9% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $220K$229K
+4.1%
3 $530K$250K
-52.8%
4 $775K$930K
+20.0%
5+ $974.5K$950K
-2.5%

Summary: 63127 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.1%, 3 bedroom homes decreased by 52.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Zip Codes

63127
+8.9%
63128
+7.5%
63126
+5.0%
63026
+3.6%
63122
-1.3%

Housing Supply in 63127, MO

How many homes are available in 63127, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1620+25.0%

Summary: The 63127 real estate market had 20 homes for sale in October 2024, a 25.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 34
+33.3%
4 67
+16.7%
5+ 55
0.0%

Summary: The 63127 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63127, you could pay more than the asking price. 71.4% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in 63127 in October 2024, up by 600.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.

Days on Market for 63127, MO

How long does it take to sell a home in 63127, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days6 Days-21.1%

Summary: Homes in 63127 had an average of 6 days on market in Oct 2024, down by 21.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63127 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 7 homes were sold in 63127; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

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