Is Ferguson, 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, 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
$95,000
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ferguson have sold for 20.8% less than they did a year ago.
Summary: The median home sold price in Ferguson was $95,000 in April 2024, down 20.8% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20.2K | $50K | +146.9% |
| 2 Bedrooms | $79.7K | $74K | -7.2% |
| 3 Bedrooms | $130K | $108K | -16.9% |
| 4 Bedrooms | $200K | $135K | -32.5% |
| 5+ Bedrooms | $235K | $185K | -21.3% |
Summary: Ferguson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 146.9%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes decreased by 16.9%, 4 bedroom homes decreased by 32.5%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Cities
| Dellwood | $107K | $104.1K | -2.7% |
| Ferguson Township | $135K | $115K | -14.8% |
| Norwood Township | $78.9K | $65.7K | -16.7% |
| Ferguson | $120K | $95K | -20.8% |
Housing Supply in Ferguson, MO
How many homes are available in Ferguson, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 72 | 86 | +19.4% |
Summary: The Ferguson real estate market had 86 homes for sale in April 2024, a 19.4% 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 | 29 | 33 | +13.8% |
| 3 Bedrooms | 30 | 39 | +30.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Ferguson 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 13.8%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was 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. 50% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Ferguson in April 2024, up by 12.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +29.2% |
Summary: Homes in Ferguson had an average of 31 days on market in Apr 2024, up by 29.2% compared to last year.
Breakdown of Home Sale Times
11 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 April 2024, 18 homes were sold in Ferguson; 61% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.