Is Richmond Heights, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Richmond Heights has remained a Seller's Market.
Housing Prices in Richmond Heights, MO
How much do homes in Richmond Heights, MO cost?
Median Sold Price
$361,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Richmond Heights was $361,000 in May 2024, up 2.6% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $216.7K | $185K | -14.7% |
2 Bedrooms | $250K | $297.5K | +19.0% |
3 Bedrooms | $362.5K | $360K | -0.7% |
4 Bedrooms | $680K | $624.4K | -8.2% |
5+ Bedrooms | $1.0M | $931.5K | -11.3% |
Summary: Richmond Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 19%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
Clayton | $585K | $689K | +17.8% |
Maplewood | $250K | $280K | +12.0% |
Brentwood | $246K | $266K | +8.1% |
Hadley Township | $350K | $370K | +5.7% |
Richmond Heights | $352K | $361K | +2.6% |
Housing Supply in Richmond Heights, MO
How many homes are available in Richmond Heights, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 29 | +7.4% |
Summary: The Richmond Heights real estate market had 29 homes for sale in May 2024, a 7.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 13 | 13 | 0.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Richmond Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 12 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Richmond Heights in May 2024, up by 100.0% month-over-month. Of the 12 sold homes, 17% were sold under asking, 25% were sold at asking, and 58% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 10 Days | -35.9% |
Summary: Homes in Richmond Heights had an average of 10 days on market in May 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Richmond Heights; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.