$938 Closing Credit*
$79,000
Listing Office: Stowers Realty Group LLC
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
$44,000
$29/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since October 2023.
Key Takeaway
The sold price of homes in O'Fallon has remained the same since last year.
Summary: The median home sold price in O'Fallon was $44,000 in October 2024, the same as last year, and the median price per square foot was $29.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $13K | $6.5K | -50.0% |
| 2 Bedrooms | $34K | $30.5K | -10.3% |
| 3 Bedrooms | $75.3K | $37K | -50.9% |
| 4 Bedrooms | $45K | $61.5K | +36.7% |
| 5+ Bedrooms | $81K | $142.5K | +75.9% |
Summary: O'Fallon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 50.9%, 4 bedroom homes increased by 36.7%, and 5+ bedroom homes increased by 75.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Penrose | $43K | $52K | +20.9% |
| North City | $45.7K | $50.2K | +9.8% |
| O'Fallon | $44K | $44K | 0.0% |
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 |
|---|---|---|
| 11 | 11 | 0.0% |
Summary: The O'Fallon real estate market had 11 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The O'Fallon 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 increased by 66.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in O'Fallon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in O'Fallon in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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 |
|---|---|---|
| 146 Days | 82 Days | -43.5% |
Summary: Homes in O'Fallon had an average of 82 days on market in Oct 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in O'Fallon has remained consistent over time.
Summary: During October 2024, 2 homes were sold in O'Fallon; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.