What is My O'Fallon / Dardenne Prairie Home Worth? ~ Home Sales in 63368

 

August 2022 Update  (Year-to-Date)

This report is for single family homes ONLY and NOT condos or new construction.  It’s covering O’Fallon/Dardenne Prairie only.  This report is informational and for the best advice for you as an area home buyer or seller, please contact me for a specific review of your needs.

All data is derived from the St. Louis Multiple Listing System (MLS) as of August 15, 2022.  If any property traded hands without a Realtor® involved, it won’t be reflected in this report.  All data is for the 63368 zip code only.  Percentages reflect increases or decreases from the same period of 2021.

O’Fallon/Dardenne Prairie offers a diversity of living choices, with a focus on affordable, executive-style housing.  Much of the zip code area is easily reached by I-364, I-64/Hwy 40, and Hwy K.

63368 Single Family Home Category Data Summary

Homes Sold:                   274  (2 Bank/Govt. Forecl.)   DOWN:     30.9%

Average Price:                 $396,564                       UP:            15.4%

Days on Mkt. Avg:           11                                  DOWN:     21.4%

Avg. Price Per SqFt:         $198.99                         UP:             19.4%

Avg. Sales/List %:            105.37%                       UP:               1.4%

Most Expensive Home Sold:                  $ 1,105,000

Least Expensive Home Sold:                  $      155,500

Number of Homes Currently For Sale:             33

                

What can we determine from the latest statistics?

While sales volume may have dropped from the previous year; that is due solely to the lack of inventory of homes available for sale.

-          Days on Market is very doable.

-          Distressed properties (foreclosures) have minimal impact at this point.  Less impact means better pricing for the rest of the market.

-         Sales prices increased along with the average price per square foot.  

-       There is an extreme shortage of homes currently for sale in the O’Fallon/Dardenne Prairie 63368 zip code area.  Our company has a massive list of buyers just waiting to make offers on homes in 63368.

What does this mean to you as a current 63368 single family home owner?

Home sale prices are rising and homes are selling quickly.  The equity in your home is also rising.  It’s still crucial to price right and prep your home, if you’re considering making a move.  (Don’t forget…there is a lot of new construction competition.)

For an evaluation of your specific home’s marketability, please contact us.

What does this mean to you as a potential 63368 home buyer?

If you find a home that suits you, you cannot delay acting in putting in an offer to buy the property or you may miss out on your opportunity.  That’s why it is beneficial for you to work with us to not only assist in finding available properties, but to provide every advantage to help your offer get accepted.

St. Charles County still continues to be a VERY affordable place to buy a home.  There is some new construction available and we can help you get the best deal.  The builder will NOT cut you a price break for showing up unrepresented and using our services will NOT cost you a thing!

Contact us with any of your real estate questions, including what your home’s value is in today’s real estates, what it could sell for, and how quickly it could sell.

JUDY WROZIER

Realtor® - ABR®, SFR®

 (314) 348-4033

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