$6,234 Closing Credit*
$525,000
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Redfin Corporation
Is Richmond Heights, 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, Richmond Heights has remained a Seller's Market.
Key Takeaway
Richmond Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Richmond Heights, MO
How much do homes in Richmond Heights, MO cost?
Median Sold Price
$385,000
$236/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,000(+6.9%)
Key Takeaway
Homes in Richmond Heights have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Richmond Heights was $385,000 in October 2024, up 6.9% from last year, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $185K | N/A |
| 2 Bedrooms | $260K | $315.7K | +21.4% |
| 3 Bedrooms | $356K | $385K | +8.1% |
| 4 Bedrooms | $650K | $551K | -15.2% |
| 5+ Bedrooms | $925K | $1.1M | +24.3% |
Summary: Richmond Heights 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 21.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes increased by 24.3%.
Median Sold Price Compared To Nearby Cities
| Brentwood | $255.8K | $277K | +8.3% |
| Richmond Heights | $360K | $385K | +6.9% |
| Maplewood | $282.5K | $290.5K | +2.8% |
| Hadley Township | $362.2K | $370K | +2.1% |
| Clayton | $681K | $668.4K | -1.8% |
Housing Supply in Richmond Heights, MO
How many homes are available in Richmond Heights, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The Richmond Heights real estate market had 39 homes for sale in October 2024, a 14.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 19 | 20 | +5.3% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Richmond Heights 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 42.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Heights, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Richmond Heights in October 2024, the same as the previous month. Of the 8 sold homes, 13% were sold under asking, 25% were sold at asking, and 63% were sold over asking.
Days on Market for Richmond Heights, MO
How long does it take to sell a home in Richmond Heights, MO?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 14 Days | -17.9% |
Summary: Homes in Richmond Heights had an average of 14 days on market in Oct 2024, down by 17.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richmond Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Richmond Heights; 75% of homes were sold within 30 days, 25% 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.