Is O'Fallon, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, O'Fallon has remained a Seller's Market.
Housing Prices in O'Fallon, MO
How much do homes in O'Fallon, MO cost?
Median Sold Price
$349,990
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in O'Fallon was $349,990 in April 2024, up 8.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $240K | +4.3% |
3 Bedrooms | $300K | $319.8K | +6.6% |
4 Bedrooms | $412.3K | $427.9K | +3.8% |
5+ Bedrooms | $500.3K | $530K | +5.9% |
Summary: O'Fallon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Weldon Spring Township | $349.5K | $388K | +11.0% |
O'Fallon | $323K | $349.9K | +8.3% |
O Fallon | $325K | $345K | +6.2% |
Dardenne Prairie | $419.9K | $440K | +4.8% |
Lake Saint Louis Township | $338.3K | $328.3K | -3.0% |
Housing Supply in O'Fallon, MO
How many homes are available in O'Fallon, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
227 | 244 | +7.5% |
Summary: The O'Fallon real estate market had 244 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 32 | 41 | +28.1% |
3 Bedrooms | 107 | 110 | +2.8% |
4 Bedrooms | 79 | 82 | +3.8% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The O'Fallon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
83 | 84 | +1.2% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 84 homes were sold or pending in O'Fallon in April 2024, up by 1.2% month-over-month. Of the 84 sold homes, 25% were sold under asking, 26% were sold at asking, and 49% were sold over asking.
Days on Market for O'Fallon, MO
How long does it take to sell a home in O'Fallon, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 25 Days | +16.4% |
Summary: Homes in O'Fallon had an average of 25 days on market in Apr 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 84 homes were sold in O'Fallon; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.