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MARKET UPDATE
WILDWOOD, MO 63040
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Neighborhood Detail Single Family Homes in
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 543,000 3063 acre 4.0 3.5 0 11 0 0 99 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 339,000 2850 acre 4.0 2.5 0 11 0 0 92 Upper-middle 25% of properties
8,001 -
Lower/Third $ 299,651 2000 10,000 sqft 3.0 2.0 0 11 0 1 104 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 234,500 2266 10,000 sqft 3.0 2.5 0 11 1 2 96 Least expensive 25% of properties
Median Price
This week prices in this zip code remained relatively flat. However the recent trends have us pulling back from the market's high
points. Keep an eye on the Market Action Index for a leading indicator of the duration of this down trend.
Quartile Prices
In the quartile market segments, we see that this zip code isn't showing much strong directional indication lately. Quartiles 2
and 4 are up while Quartiles 1 and 3 are down in recent weeks. Watch for persistent shifts in the Market Action Index for a
leading indicator of stronger price moves in the market as a whole.
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 balance 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 98 days. Half of the listings have come newly on the market in the
past 119 or so days.