Is 63138, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63138 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63138 has remained a Seller's Market.

Key Takeaway

63138 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63138, MO

How much do homes in 63138, MO cost?

Median Sold Price

$119,250

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-3.2%)

Key Takeaway

Homes in 63138 have sold for 3.2% less than they did a year ago.

Summary: The median home sold price in 63138 was $119,250 in October 2024, down 3.2% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $116K-
N/A
2 $86K$68.5K
-20.3%
3 $119K$115K
-3.4%
4 $156.9K$156K
-0.6%
5+ $197K$203.9K
+3.5%

Summary: 63138 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 decreased by 20.3%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 3.5%.

Median Sold Price Compared To Nearby Zip Codes

63033
+5.8%
62040
+5.0%
63034
+3.1%
63138
-3.2%

Housing Supply in 63138, MO

How many homes are available in 63138, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5355+3.8%

Summary: The 63138 real estate market had 55 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 37
+133.3%
3 4037
-7.5%
4 911
+22.2%
5+ 10
-100.0%

Summary: The 63138 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 133.3%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2311-52.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63138, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 63138 in October 2024, down by 52.2% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and 36% were sold over asking.

Days on Market for 63138, MO

How long does it take to sell a home in 63138, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days35 Days+71.0%

Summary: Homes in 63138 had an average of 35 days on market in Oct 2024, up by 71% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63138 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 11 homes were sold in 63138; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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 4 Days Ago

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