Newly released data from Realtor.com for March shows that potential buyers and sellers in Boone County saw houses sell for higher than the previous month’s median sales price of $286,877.
The median home sold for $301,250, an analysis of data from Realtor.com shows. That means March, the most recent month for which figures are available, was up 5% from February.
Compared to March 2023, the median home sales price was up 7.2% at $301,250 compared to $281,010.
Realtor.com sources sales data from real estate deeds, resulting in a few months’ delay in up-to-date data. The statistics don’t include homes currently listed for sale, and aren’t directly comparable to listings data.
Information on your local housing market, along with other useful community data, is available at data.news-leader.com.
Looking only at single-family homes, the $301,250 median selling price in Boone County was up 4.9% in March from $287,140 the month prior. Since March 2023, the sales price of single-family homes was up 5.4% from a median of $285,771.
No single-family homes sold for at least $1 million or more during the month.
Condominiums and townhomes increased by 14.1% in sales price during March to a median of $303,125 from $265,625 in February. Compared to March 2023, the sales price of condominiums and townhomes was up 18.4% from $255,983. Two condominiums or townhomes sold for $1 million or more during the month, compared to one recorded transaction of at least $1 million in March 2023.
In March, the number of recorded sales in Boone County rose by 6.1% since March 2023 from 212 to 225. All residential home sales totaled to $53 million.
In Missouri, homes sold at a median of $237,471 during March, up 6.4% from $223,259 in February. There were 6,959 recorded sales across the state during March, down 50.8% from 14,148 recorded sales in March 2023.
The total value of recorded residential home sales in Missouri increased by 7% from $1.3 billion in February to $1.4 billion this March.
Out of all residential home sales in Missouri, 1.65% of homes sold for at least $1 million in March, down from 4.67% in March 2023.
Sales prices of single-family homes across Missouri increased by 7% from a median of $226,191 in February to $241,948 in March. Since March 2023, the sales price of single-family homes across the state was down 2% from $246,859.
Across the state, the sales price of condominiums and townhomes rose 3.3% from a median of $197,500 in February to $204,000 during March. The median sales price of condominiums and townhomes is down 1% from the median of $206,000 in March 2023.
The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what’s happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com. Please leave any feedback or corrections for this story here. This story was written by Ozge Terzioglu.
This article originally appeared on Columbia Daily Tribune: Boone County homes sold for higher prices recently
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