Is 65203, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65203 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 65203 has remained a Seller's Market.

Key Takeaway

65203 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 65203, MO

How much do homes in 65203, MO cost?

Median Sold Price

$359,350

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,990(+2.6%)

Key Takeaway

Homes in 65203 have sold for 2.6% more than they did a year ago.

Summary: The median home sold price in 65203 was $359,350 in October 2024, up 2.6% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K$173.8K
+33.7%
2 $161K$165K
+2.5%
3 $305.6K$313K
+2.4%
4 $390K$410.7K
+5.3%
5+ $550K$586K
+6.5%

Summary: 65203 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Zip Codes

65203
+2.6%
65201
-0.7%

Housing Supply in 65203, MO

How many homes are available in 65203, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
224221-1.3%

Summary: The 65203 real estate market had 221 homes for sale in October 2024, a 1.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 2524
-4.0%
3 7276
+5.6%
4 6963
-8.7%
5+ 5857
-1.7%

Summary: The 65203 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 1.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5954-8.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65203, you may be able to get a good deal. 64.8% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 65203 in October 2024, down by 8.5% month-over-month. Of the 54 sold homes, 65% were sold under asking, 19% were sold at asking, and 17% were sold over asking.

Days on Market for 65203, MO

How long does it take to sell a home in 65203, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
18 Days26 Days+39.9%

Summary: Homes in 65203 had an average of 26 days on market in Oct 2024, up by 39.9% compared to last year.

Breakdown of Home Sale Times

38 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65203 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 54 homes were sold in 65203; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% 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

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