Is 63385, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 63385 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 63385 has remained a Seller's Market.

Key Takeaway

63385 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 63385, MO

How much do homes in 63385, MO cost?

Median Sold Price

$371,242

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$3,815(-1.0%)

Key Takeaway

Homes in 63385 have sold for 1% less than they did a year ago.

Summary: The median home sold price in 63385 was $371,242 in November 2024, down 1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $291K-
N/A
2 $241.9K$270K
+11.6%
3 $327.6K$337.9K
+3.1%
4 $417.9K$430K
+2.9%
5+ $478K$550.2K
+15.1%

Summary: 63385 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 15.1%.

Median Sold Price Compared To Nearby Zip Codes

63368
+11.5%
63348
+4.0%
63367
0.1%
63385
-1.0%

Housing Supply in 63385, MO

How many homes are available in 63385, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
218199-8.7%

Summary: The 63385 real estate market had 199 homes for sale in November 2024, a 8.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1013
+30.0%
3 104103
-1.0%
4 8973
-18.0%
5+ 1510
-33.3%

Summary: The 63385 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5745-21.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 63385, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 63385 in November 2024, down by 21.1% month-over-month. Of the 45 sold homes, 47% were sold under asking, 36% were sold at asking, and 18% were sold over asking.

Days on Market for 63385, MO

How long does it take to sell a home in 63385, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days37 Days-1.6%

Summary: Homes in 63385 had an average of 37 days on market in Nov 2024, down by 1.6% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 63385 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 45 homes were sold in 63385; 53% of homes were sold within 30 days, 33% 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 17 Days Ago

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