Is 64840, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 64840 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 64840 was a Buyer's Market.

Key Takeaway

64840 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 64840, MO

How much do homes in 64840, MO cost?

Median Sold Price

$232,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$62,100(+36.6%)

Key Takeaway

Homes in 64840 have sold for 36.6% more than they did a year ago.

Summary: The median home sold price in 64840 was $232,000 in December 2024, up 36.6% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $115K$220.8K
+92.1%
3 $196.2K$215.5K
+9.8%
4 $207K$305K
+47.3%
5+ $137.5K$427K
+210.5%

Summary: 64840 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 92.1%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 47.3%, and 5+ bedroom homes increased by 210.5%.

Median Sold Price Compared To Nearby Zip Codes

64840
+36.6%
64850
+19.6%
64836
+10.3%
64804
+7.8%
64844
+1.6%

Housing Supply in 64840, MO

How many homes are available in 64840, MO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1213+8.3%

Summary: The 64840 real estate market had 13 homes for sale in December 2024, a 8.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 78
+14.3%
4 33
0.0%
5+ 11
0.0%

Summary: The 64840 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
02+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 64840, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 64840 in December 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 64840, MO

How long does it take to sell a home in 64840, MO?

Average Sale Time

Dec 2023Dec 2024CHANGE
50 Days55 Days+8.9%

Summary: Homes in 64840 had an average of 55 days on market in Dec 2024, up by 8.9% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in 64840 has remained consistent over time.

Summary: During December 2024, 2 homes were sold in 64840; 0% of homes were sold within 30 days, 50% 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 2 Days Ago

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