Is Sunset Hills, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunset Hills is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Sunset Hills has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Sunset Hills, MO

How much do homes in Sunset Hills, MO cost?

Median Sold Price

$499,950

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$46,050(-8.4%)

Key Takeaway

Homes in Sunset Hills have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Sunset Hills was $499,950 in October 2024, down 8.4% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $135K$110K
-18.5%
2 $227.5K$230K
+1.1%
3 $432.5K$375K
-13.3%
4 $712.5K$700K
-1.8%
5+ $935K$950K
+1.6%

Summary: Sunset Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.5%, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Gravois Township
+7.7%
Crestwood
+5.0%
Fenton
+1.5%
Bonhomme Township
-1.1%
Sunset Hills
-8.4%

Housing Supply in Sunset Hills, MO

How many homes are available in Sunset Hills, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2532+28.0%

Summary: The Sunset Hills real estate market had 32 homes for sale in October 2024, a 28.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 25
+150.0%
3 67
+16.7%
4 910
+11.1%
5+ 79
+28.6%

Summary: The Sunset Hills 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 150%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunset Hills, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Sunset Hills in October 2024, up by 200.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% were sold over asking.

Days on Market for Sunset Hills, MO

How long does it take to sell a home in Sunset Hills, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days6 Days-11.6%

Summary: Homes in Sunset Hills had an average of 6 days on market in Oct 2024, down by 11.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 9 homes were sold in Sunset Hills; 89% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

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