Is 65109, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65109 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 65109 has remained a Seller's Market.

Key Takeaway

65109 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 65109, MO

How much do homes in 65109, MO cost?

Median Sold Price

$274,450

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$67,700(+32.7%)

Key Takeaway

Homes in 65109 have sold for 32.7% more than they did a year ago.

Summary: The median home sold price in 65109 was $274,450 in November 2024, up 32.7% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$116K
+5.5%
2 $175.4K$157.5K
-10.2%
3 $204K$250K
+22.5%
4 $260K$310K
+19.2%
5+ $352.2K$324.9K
-7.8%

Summary: 65109 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes decreased by 10.2%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes decreased by 7.8%.

Housing Supply in 65109, MO

How many homes are available in 65109, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3428-17.6%

Summary: The 65109 real estate market had 28 homes for sale in November 2024, a 17.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1514
-6.7%
4 84
-50.0%
5+ 109
-10.0%

Summary: The 65109 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 remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65109, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 65109 in November 2024, up by 60.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for 65109, MO

How long does it take to sell a home in 65109, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
9 Days11 Days+22.2%

Summary: Homes in 65109 had an average of 11 days on market in Nov 2024, up by 22.2% compared to last year.

Breakdown of Home Sale Times

7 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

Many homes in 65109 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 8 homes were sold in 65109; 88% of homes were sold within 30 days, 13% 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 21 Days Ago

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