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 December 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

$362,150

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$10,483(+3.0%)

Key Takeaway

Homes in 65203 have sold for 3% more than they did a year ago.

Summary: The median home sold price in 65203 was $362,150 in December 2024, up 3% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $130K$173.8K
+33.7%
2 $165K$165K
0.0%
3 $310K$315K
+1.6%
4 $392K$410K
+4.6%
5+ $550K$592.5K
+7.7%

Summary: 65203 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.7%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Zip Codes

65203
+3.0%
65201
-2.1%

Housing Supply in 65203, MO

How many homes are available in 65203, MO?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
216182-15.7%

Summary: The 65203 real estate market had 182 homes for sale in December 2024, a 15.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1918
-5.3%
3 7461
-17.6%
4 6145
-26.2%
5+ 6258
-6.5%

Summary: The 65203 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 decreased by 5.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 26.2%, and 5+ bedroom homes decreased by 6.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
4955+12.2%

Asking Price vs. Sold Price

29 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 65203, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in 65203 in December 2024, up by 12.2% month-over-month. Of the 53 sold homes, 55% were sold under asking, 30% were sold at asking, and 15% 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

Dec 2023Dec 2024CHANGE
33 Days19 Days-42.5%

Summary: Homes in 65203 had an average of 19 days on market in Dec 2024, down by 42.5% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 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 December 2024, 55 homes were sold in 65203; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% 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 5 Days Ago

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