Is South County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, South County has remained a Seller's Market.

Key Takeaway

South County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in South County, MO

How much do homes in South County, MO cost?

Median Sold Price

$275,631

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,639(+6.0%)

Key Takeaway

Homes in South County have sold for 6% more than they did a year ago.

Summary: The median home sold price in South County was $275,631 in November 2024, up 6% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $85K$97.5K
+14.7%
2 $180K$192K
+6.7%
3 $270.1K$288.6K
+6.8%
4 $389.7K$410K
+5.2%
5+ $495K$563K
+13.7%

Summary: South County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 13.7%.

Median Sold Price Compared To Nearby Neighborhoods

South County
+6.0%
Affton
+5.7%
Sappington
+5.6%
Concord
+4.5%
Mehlville
+1.1%

Housing Supply in South County, MO

How many homes are available in South County, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
774680-12.1%

Summary: The South County real estate market had 680 homes for sale in November 2024, a 12.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2318
-21.7%
2 217203
-6.5%
3 366301
-17.8%
4 137130
-5.1%
5+ 3128
-9.7%

Summary: The South County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.7%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes decreased by 17.8%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 9.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
292193-33.9%

Asking Price vs. Sold Price

78 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

81 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South County, you could pay more than the asking price. 42% of homes here sold above asking price last month.

Summary: A total of 193 homes were sold or pending in South County in November 2024, down by 33.9% month-over-month. Of the 193 sold homes, 40% were sold under asking, 18% were sold at asking, and 42% were sold over asking.

Days on Market for South County, MO

How long does it take to sell a home in South County, MO?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days23 Days+21.4%

Summary: Homes in South County had an average of 23 days on market in Nov 2024, up by 21.4% compared to last year.

Breakdown of Home Sale Times

136 Homes Were Sold
Under 30 Days

49 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 193 homes were sold in South County; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in South County, MO

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