$4,156 Closing Credit*
$350,000
3 Beds
•2 Full Baths
Listing Office: Keller Williams Realty West
Is O Fallon, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, O Fallon has remained a Seller's Market.
Key Takeaway
O Fallon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in O Fallon, MO
How much do homes in O Fallon, MO cost?
Median Sold Price
$359,662
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,699(+9.0%)
Key Takeaway
Homes in O Fallon have sold for 9% more than they did a year ago.
Summary: The median home sold price in O Fallon was $359,662 in October 2024, up 9% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $527.1K | - | N/A |
| 2 Bedrooms | $242.5K | $255K | +5.2% |
| 3 Bedrooms | $306.1K | $340K | +11.1% |
| 4 Bedrooms | $419.9K | $446.5K | +6.3% |
| 5+ Bedrooms | $424.2K | $540K | +27.3% |
Summary: O Fallon 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 5.2%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 27.3%.
Median Sold Price Compared To Nearby Cities
| O Fallon | $329.9K | $359.6K | +9.0% |
| O'Fallon | $334.1K | $352.8K | +5.6% |
| Lake Saint Louis Township | $328.1K | $340K | +3.6% |
Housing Supply in O Fallon, MO
How many homes are available in O Fallon, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 315 | 325 | +3.2% |
Summary: The O Fallon real estate market had 325 homes for sale in October 2024, a 3.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 58 | 60 | +3.4% |
| 3 Bedrooms | 144 | 135 | -6.3% |
| 4 Bedrooms | 95 | 109 | +14.7% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The O Fallon 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 increased by 3.4%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 84 | -10.6% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in O Fallon, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 84 homes were sold or pending in O Fallon in October 2024, down by 10.6% month-over-month. Of the 84 sold homes, 32% were sold under asking, 36% were sold at asking, and 32% were sold over asking.
Days on Market for O Fallon, MO
How long does it take to sell a home in O Fallon, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 23 Days | +23.2% |
Summary: Homes in O Fallon had an average of 23 days on market in Oct 2024, up by 23.2% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in O Fallon are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 84 homes were sold in O Fallon; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.