$653 Closing Credit*
$55,000
Listing Office: Keller Williams Realty STL
Is Penrose, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Penrose was a Seller's Market.
Key Takeaway
Penrose 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 Penrose, MO
How much do homes in Penrose, MO cost?
Median Sold Price
$52,000
$56/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+20.9%)
Key Takeaway
Homes in Penrose have sold for 20.9% more than they did a year ago.
Summary: The median home sold price in Penrose was $52,000 in October 2024, up 20.9% from last year, and the median price per square foot was $56.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $18K | $11K | -38.9% |
| 2 Bedrooms | $43.1K | $49.5K | +14.8% |
| 3 Bedrooms | $48.5K | $52.7K | +8.8% |
| 4 Bedrooms | $37K | $155K | +318.9% |
| 5+ Bedrooms | $37K | $13K | -64.9% |
Summary: Penrose housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.9%, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 318.9%, and 5+ bedroom homes decreased by 64.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Penrose | $43K | $52K | +20.9% |
| North City | $45.7K | $50.2K | +9.8% |
| Mark Twain | $48.5K | $48.5K | 0.0% |
| O'Fallon | $44K | $44K | 0.0% |
Housing Supply in Penrose, MO
How many homes are available in Penrose, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Summary: The Penrose real estate market had 13 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Penrose 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 increased by 28.6%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Penrose, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Penrose in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Penrose, MO
How long does it take to sell a home in Penrose, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 72 Days | +37.1% |
Summary: Homes in Penrose had an average of 72 days on market in Oct 2024, up by 37.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Penrose has remained consistent over time.
Summary: During October 2024, 2 homes were sold in Penrose; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.