Is 65255, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65255 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 65255 was a Seller's Market.

Key Takeaway

65255 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 65255, MO

How much do homes in 65255, MO cost?

Median Sold Price

$320,000

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,050(+7.0%)

Key Takeaway

Homes in 65255 have sold for 7% more than they did a year ago.

Summary: The median home sold price in 65255 was $320,000 in October 2024, up 7% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$210K
N/A
2 $204.3K$375K
+83.6%
3 $275K$298K
+8.4%
4 $415K$380K
-8.4%
5+ $405K$550K
+35.8%

Summary: 65255 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 83.6%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 35.8%.

Median Sold Price Compared To Nearby Zip Codes

65240
+14.9%
65255
+7.0%
65202
+6.1%
65284
+5.0%

Housing Supply in 65255, MO

How many homes are available in 65255, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3831-18.4%

Summary: The 65255 real estate market had 31 homes for sale in October 2024, a 18.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 00
0.0%
3 2823
-17.9%
4 64
-33.3%
5+ 33
0.0%

Summary: The 65255 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 remained the same, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

3 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 65255, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 65255 in October 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 65255, MO

How long does it take to sell a home in 65255, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
72 Days27 Days-61.5%

Summary: Homes in 65255 had an average of 27 days on market in Oct 2024, down by 61.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65255 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 65255; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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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