$1,958 Closing Credit*
$164,900
Listing Office: RE/MAX EDGE
Is South City, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South City has remained a Seller's Market.
Key Takeaway
South City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South City, MO
How much do homes in South City, MO cost?
Median Sold Price
$233,600
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,797(+3.5%)
Key Takeaway
Homes in South City have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in South City was $233,600 in November 2024, up 3.5% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $127K | +15.5% |
| 2 Bedrooms | $185K | $192.1K | +3.9% |
| 3 Bedrooms | $275.9K | $279.2K | +1.2% |
| 4 Bedrooms | $355.5K | $362K | +1.8% |
| 5+ Bedrooms | $452.5K | $420K | -7.2% |
Summary: South City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Tilles Park | $250K | $283.6K | +13.4% |
| North Hampton | $246K | $277.7K | +12.9% |
| Kingshighway Hills | $231K | $260K | +12.6% |
| South City | $225.8K | $233.6K | +3.5% |
| Southampton | $285K | $288K | +1.1% |
Housing Supply in South City, MO
How many homes are available in South City, MO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 818 | 797 | -2.6% |
Summary: The South City real estate market had 797 homes for sale in November 2024, a 2.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 40 | 42 | +5.0% |
| 2 Bedrooms | 313 | 302 | -3.5% |
| 3 Bedrooms | 327 | 310 | -5.2% |
| 4 Bedrooms | 111 | 114 | +2.7% |
| 5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The South City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 5.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 224 | 168 | -25.0% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South City, you may be able to get a good deal. 51.2% of homes here sold below asking price last month.
Summary: A total of 168 homes were sold or pending in South City in November 2024, down by 25.0% month-over-month. Of the 168 sold homes, 51% were sold under asking, 18% were sold at asking, and 31% were sold over asking.
Days on Market for South City, MO
How long does it take to sell a home in South City, MO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 30 Days | +14.6% |
Summary: Homes in South City had an average of 30 days on market in Nov 2024, up by 14.6% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
54 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South City are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 168 homes were sold in South City; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.