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 October 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

$369,920

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,080(-1.4%)

Key Takeaway

Homes in 63385 have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in 63385 was $369,920 in October 2024, down 1.4% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $291K-
N/A
2 $244.4K$260K
+6.4%
3 $325K$337.5K
+3.8%
4 $414.9K$430K
+3.6%
5+ $470K$550.2K
+17.1%

Summary: 63385 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 6.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Zip Codes

63368
+11.7%
63348
+5.9%
63367
-0.7%
63385
-1.4%

Housing Supply in 63385, MO

How many homes are available in 63385, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
191225+17.8%

Summary: The 63385 real estate market had 225 homes for sale in October 2024, a 17.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1011
+10.0%
3 95110
+15.8%
4 7189
+25.4%
5+ 1515
0.0%

Summary: The 63385 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 10%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 25.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4357+32.6%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

18 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. 42.1% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in 63385 in October 2024, up by 32.6% month-over-month. Of the 57 sold homes, 42% were sold under asking, 26% were sold at asking, and 32% 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

Oct 2023Oct 2024CHANGE
36 Days33 Days-8.1%

Summary: Homes in 63385 had an average of 33 days on market in Oct 2024, down by 8.1% compared to last year.

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 57 homes were sold in 63385; 58% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 5% 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 13 Days Ago

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