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MARKET UPDATE
ROCK HILL, MO
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City Overview Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 319,900 1924 8,000 sqft 4.0 2.5 8 0 0 336 Most expensive 25% of properties
6,501 -
Upper/Second $ 175,000 1362 8,000 sqft 3.0 1.5 9 1 0 229 Upper-middle 25% of properties
6,501 -
Lower/Third $ 159,000 927 8,000 sqft 2.0 1.0 9 1 0 98 Lower-middle 25% of properties
6,501 -
Bottom/Fourth $ 129,000 940 8,000 sqft 2.0 1.0 9 1 0 124 Least expensive 25% of properties
Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.
Quartile Prices
Price weakness is visible almost across the board. Prices in Quartile 4 have been mixed recently, while the rest of the market is
trending downward. Look to a strong, persistent up shift in the Market Action Index as a leading indicator of the trough in the
market.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 193 days. Half of the listings have come newly on the market in the
past 112 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 441,400 2780 8,000 sqft 4.5 3.0 2 0 0 448 Most expensive 25% of properties
6,501 -
Upper/Second $ 374,450 2064 8,000 sqft 3.5 2.2 2 0 0 374 Upper-middle 25% of properties
6,501 -
Lower/Third $ 169,900 1362 8,000 sqft 3.0 1.0 3 0 0 315 Lower-middle 25% of properties
6,501 -
Bottom/Fourth $ 149,900 1184 8,000 sqft 2.0 2.0 3 0 0 84 Least expensive 25% of properties
Median Price
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up
trend in general over the last several weeks.
Quartile Prices
In the quartile market segments, we see the market's price weakness evident across the board. All four quartiles have been in
price decline in recent weeks. Look to the Market Action Index as a leading indicator of the bottom of the market.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 284 days. Half of the listings have come newly on the market in the
past 242 or so days.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 209,900 1610 8,000 sqft 4.0 2.0 6 1 0 219 Most expensive 25% of properties
6,501 -
Upper/Second $ 172,450 1138 8,000 sqft 3.0 1.8 6 0 0 148 Upper-middle 25% of properties
6,501 -
Lower/Third $ 157,450 906 8,000 sqft 2.0 1.0 6 1 0 112 Lower-middle 25% of properties
6,501 -
Bottom/Fourth $ 129,000 940 8,000 sqft 2.0 1.0 7 1 0 147 Least expensive 25% of properties
Median Price
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the
Market Action Index before we see prices significantly move from these levels.
Quartile Prices
In the quartile market segments, we see the market's price weakness almost across the board. Prices in Quartile 4 have been
mixed recently, while the rest of the market is trending downward. Look for a strong, persistent up shift in the Market Action
Index as a leading indicator of the trough in the market.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized by
analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage
zone (below 30) for a long period, prices are likely in for a downward correction.
The Market Action Index (MAI) illustrates a blance between supply and demand using a statistical function of the
current rate of sale versus current inventory.
Days on Market
The properties have been on the market for an average of 156 days. Half of the listings have come newly on the market in the
past 112 or so days.