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MARKET UPDATE
WILDWOOD, MO 63040
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Neighborhood Detail Single Family Homes in
and the Market Action Index has been Average Age of Listing 0
trending up. Though days-on-market Percent of Properties with Price Decrease 45 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 16 %
indications for the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 2520
Median Lot Size 0.25 - 0.50 acre
Median Number of Bedrooms 4.0
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
0.25 - 0.50
Top/First $ 419,900 2912 acre 4.0 2.5 0 11 0 2 111 Most expensive 25% of properties
0.25 - 0.50
Upper/Second $ 332,000 2754 acre 4.0 2.5 0 11 1 0 111 Upper-middle 25% of properties
8,001 -
Lower/Third $ 299,000 2000 10,000 sqft 3.0 2.0 0 11 1 0 111 Lower-middle 25% of properties
8,001 -
Bottom/Fourth $ 234,500 2266 10,000 sqft 3.0 2.5 0 11 0 0 116 Least expensive 25% of properties
Median Price
We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index
before we see prices move from these levels.
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 112 days. Half of the listings have come newly on the market in the
past 136 or so days.