Is Bel-Ridge, 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, Bel-Ridge has remained a Seller's Market.
Key Takeaway
Bel-Ridge is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bel-Ridge, MO
How much do homes in Bel-Ridge, MO cost?
Median Sold Price
$58,100
$58/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bel-Ridge have sold for 10.6% less than they did a year ago.
Summary: The median home sold price in Bel-Ridge was $58,100 in May 2024, down 10.6% from last year, and the median price per square foot was $58.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $39.5K | - | N/A |
| 2 Bedrooms | $50K | $43K | -14.0% |
| 3 Bedrooms | $71.5K | $57.8K | -19.2% |
| 4 Bedrooms | $129K | $88.5K | -31.4% |
| 5+ Bedrooms | $22.7K | $80K | +251.6% |
Summary: Bel-Ridge 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 decreased by 14%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes increased by 251.6%.
Median Sold Price Compared To Nearby Cities
| Berkeley | $73K | $88.2K | +20.9% |
| Bel-Nor | $209.5K | $232.2K | +10.9% |
| Saint John | $126.5K | $126K | -0.4% |
| Normandy Township | $70.1K | $65.5K | -6.7% |
| Bel-Ridge | $65K | $58.1K | -10.6% |
Housing Supply in Bel-Ridge, MO
How many homes are available in Bel-Ridge, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Summary: The Bel-Ridge real estate market had 7 homes for sale in May 2024, a 16.7% 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bel-Ridge 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 100%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bel-Ridge, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Bel-Ridge in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Bel-Ridge, MO
How long does it take to sell a home in Bel-Ridge, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 10 Days | +250.0% |
Summary: Homes in Bel-Ridge had an average of 10 days on market in May 2024, up by 250% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bel-Ridge are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Bel-Ridge; 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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.