Is 63147, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63147 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 63147 has remained a Seller's Market.

Key Takeaway

63147 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63147, MO

How much do homes in 63147, MO cost?

Median Sold Price

$55,000

$43/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,000(+17.0%)

Key Takeaway

Homes in 63147 have sold for 17% more than they did a year ago.

Summary: The median home sold price in 63147 was $55,000 in October 2024, up 17% from last year, and the median price per square foot was $43.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $18K$27.5K
+52.8%
2 $40K$48.5K
+21.3%
3 $65K$57.5K
-11.5%
4 $70K$94K
+34.3%
5+ $173K$80K
-53.8%

Summary: 63147 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.8%, 2 bedroom homes increased by 21.3%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes decreased by 53.8%.

Median Sold Price Compared To Nearby Zip Codes

63107
+180.7%
63137
+21.2%
63147
+17.0%
63115
+12.5%

Housing Supply in 63147, MO

How many homes are available in 63147, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3641+13.9%

Summary: The 63147 real estate market had 41 homes for sale in October 2024, a 13.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 1521
+40.0%
3 1011
+10.0%
4 87
-12.5%
5+ 11
0.0%

Summary: The 63147 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63147, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 63147 in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for 63147, MO

How long does it take to sell a home in 63147, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days38 Days+3.1%

Summary: Homes in 63147 had an average of 38 days on market in Oct 2024, up by 3.1% compared to last year.

Breakdown of Home Sale Times

4 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 63147 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in 63147; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in 63147, MO

Nearby Markets to 63147, MO