Is Ferguson, 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, Ferguson has remained a Seller's Market.
Key Takeaway
Ferguson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferguson, MO
How much do homes in Ferguson, MO cost?
Median Sold Price
$99,866
$85/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ferguson have sold for 15% less than they did a year ago.
Summary: The median home sold price in Ferguson was $99,866 in May 2024, down 15% from last year, and the median price per square foot was $85.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $21.5K | $45K | +109.3% |
| 2 Bedrooms | $75K | $74.9K | -0.1% |
| 3 Bedrooms | $130K | $115K | -11.5% |
| 4 Bedrooms | $164.9K | $147.5K | -10.6% |
| 5+ Bedrooms | $235K | $185K | -21.3% |
Summary: Ferguson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 109.3%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 11.5%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Norwood Township | $76K | $68.1K | -10.4% |
| Ferguson | $117.5K | $99.8K | -15.0% |
| Ferguson Township | $132.6K | $112.6K | -15.1% |
| Dellwood | $115.1K | $95.7K | -16.8% |
| Calverton Park | $95K | $73K | -23.2% |
Housing Supply in Ferguson, MO
How many homes are available in Ferguson, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 84 | 91 | +8.3% |
Summary: The Ferguson real estate market had 91 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 32 | 35 | +9.4% |
| 3 Bedrooms | 38 | 44 | +15.8% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ferguson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 15.8%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferguson, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 21 homes were sold or pending in Ferguson in May 2024, the same as the previous month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Ferguson, MO
How long does it take to sell a home in Ferguson, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +32.7% |
Summary: Homes in Ferguson had an average of 28 days on market in May 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ferguson are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 21 homes were sold in Ferguson; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.