Is Merriam Woods, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Merriam Woods is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Merriam Woods was a Seller's Market.

Key Takeaway

Merriam Woods is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Merriam Woods, MO

How much do homes in Merriam Woods, MO cost?

Median Sold Price

$169,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$2,750(-1.6%)

Key Takeaway

Homes in Merriam Woods have sold for 1.6% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $77K-
N/A
2 $103.5K$110K
+6.3%
3 $174K$175K
+0.6%
4 $219.9K$200K
-9.1%
5+ --
N/A

Summary: Merriam Woods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jasper Township
+3.8%
Merriam Woods
-1.6%
Rockaway Beach
-5.5%

Housing Supply in Merriam Woods, MO

How many homes are available in Merriam Woods, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1410-28.6%

Summary: The Merriam Woods real estate market had 10 homes for sale in May 2024, a 28.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 138
-38.5%
4 11
0.0%
5+ 00
0.0%

Summary: The Merriam Woods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Merriam Woods, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Merriam Woods in May 2024, down by 80.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Merriam Woods, MO

How long does it take to sell a home in Merriam Woods, MO?

Average Sale Time

May 2023May 2024CHANGE
13 Days4 Days-69.2%

Summary: Homes in Merriam Woods had an average of 4 days on market in May 2024, down by 69.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 1 homes were sold in Merriam Woods; 100% of homes were sold within 30 days, 0% 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 1 Day Ago

Newest Listings in Merriam Woods, MO

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