Is Velda City, 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, Velda City has remained a Seller's Market.
Key Takeaway
Velda City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Velda City, MO
How much do homes in Velda City, MO cost?
Median Sold Price
$58,500
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Velda City have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Velda City was $58,500 in April 2024, down 4.9% 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 | - | $60K | N/A |
| 2 Bedrooms | $60K | $57K | -5.0% |
| 3 Bedrooms | $115K | $71.2K | -38.0% |
| 4 Bedrooms | $63K | $159.9K | +153.8% |
| 5+ Bedrooms | $52.5K | - | N/A |
Summary: Velda City 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 decreased by 5%, 3 bedroom homes decreased by 38%, 4 bedroom homes increased by 153.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Velda City | $61.5K | $58.5K | -4.9% |
| Normandy Township | $70.2K | $65K | -7.5% |
Housing Supply in Velda City, MO
How many homes are available in Velda City, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Velda City real estate market had 8 homes for sale in April 2024, a 11.1% decrease 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 | 6 | 5 | -16.7% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Velda City 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 decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Velda City, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Velda City in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Velda City, MO
How long does it take to sell a home in Velda City, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 32 Days | 15 Days | -51.6% |
Summary: Homes in Velda City had an average of 15 days on market in Apr 2024, down by 51.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Velda City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Velda City; 75% of homes were sold within 30 days, 25% 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.