O'Fallon, MO Housing Market
The O'Fallon housing market is very competitive. Homes in O'Fallon receive 4 offers on average and sell in around 5 days. The median sale price of a home in O'Fallon was $351K last month, up 0.3% since last year. The median sale price per square foot in O'Fallon is $185, up 2.8% since last year.
O'Fallon Housing Market Trends
In April 2024, O'Fallon home prices were up 0.3% compared to last year, selling for a median price of $351K. On average, homes in O'Fallon sell after 5 days on the market compared to 7 days last year. There were 97 homes sold in April this year, up from 87 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the O'Fallon housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 2% above list price and go pending in around 5 days.
- Hot homescan sell for about 6% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Most homes get multiple offers, often with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 6 days.
- Hot homescan sell for about 7% above list price and go pending in around 3 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 15 days.
- Hot homescan sell for about 2% above list price and go pending in around 3 days.
O'Fallon Migration & Relocation Trends
- Across the nation, 0.44% of homebuyers searched to move into O'Fallon from outside metros.
- Los Angeles homebuyers searched to move into O'Fallon more than any other metro followed by New York and San Francisco.
- 75% of O'Fallon homebuyers searched to stay within the O'Fallon metropolitan area.
- Chicago was the most popular destination among O'Fallon homebuyers followed by Little Rock and Minneapolis.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 523 | ||
2 | 140 | ||
3 | 137 | ||
4 | 121 | ||
5 | 104 | ||
6 | 89 | ||
7 | 70 | ||
8 | 66 | ||
9 | 48 | ||
10 | 31 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Feb '24 - Apr '24 | ||
1 | 679 | ||
2 | 124 | ||
3 | 121 | ||
4 | 74 | ||
5 | 61 | ||
6 | 48 | ||
7 | 43 | ||
8 | 33 | ||
9 | 32 | ||
10 | 31 |
Home offer insights for O'Fallon
Recent offers
- Offer Not Accepted|6 Weeks Ago~$225K OfferSold for $225K2 bd | 2.5 ba | ~1,500 sqftOver List Price15%Days on Market6Competing Offers18Down Payment—Doug MuenstermanO'Fallon Redfin Agent
Thank you so much for the offer and the time you spent on 317 Heritage Commons Circle. I know you and your clients are anxiously awaiting an update. We had 18 wonderful offers to choose from and unfortunately, have selected another offer that would have been difficult for anyone to compete with. Below is a breakdown of what we saw in the offers, that way you can share with your clients what is happening. I send my sincerest apologies as I understand firsthand what a disappointment this is for you and your clients. It was very apparent the time and effort every agent made in preparing their offer and representing their clients. I wish you and your buyers all the best and hope something changes with this crazy market sooner than later. My apologies that I did not call each and every one of you, but there are just too many. Hopefully you find this breakdown helpful. Please feel free to reach out if you have any questions. 52 Showings 18 offers # of Offers with no appraisal rider- 7 # of Offers with Appraisal Gap -3 # of offers with no finance contingency - 6 # of offers with Inspections with some kind form of waiver- 6 # of offers with no inspections - 4 # of offers Over List Price- 17 # of offers at least 10% over list – 13 # of offers at least 20% over list - 2 # of offers Contingent on Sale of Home- 0 Sincerest Appreciation,…
More - Offer Not Accepted|7 Weeks Ago~$375K OfferSold for $375K3 bd | 2 ba | ~1,500 sqftOver List Price7%Days on Market9Competing Offers8Down Payment<10%Doug MuenstermanO'Fallon Redfin Agent
8 total offers. We submitted well above asking price and our offer was competitive according to the listing agent but we lost due to the not waiving the appraisal. We did have a limited inspection but not asking the seller to fix anything unless cost exceeded $1000 per item.…
More - Offer Not Accepted|10 Weeks Ago~$275K OfferSold for $275K3 bd | 2.5 ba | ~1,250 sqftOver List Price5%Days on Market4Competing Offers4Down Payment—
- Offer Not Accepted|12 Weeks Ago~$225K OfferSold for $250K2 bd | 3.5 ba | ~1,750 sqftOver List Price0%Days on Market2Competing Offers8Down Payment~10%
Schools in O'Fallon
- Elementary
- Middle
- High
GreatSchools Rating
8/10 Pheasant Point Elementary School Public • K-5 | 471 Students | 7 reviews |
8/10 Warren Elementary School Public • K-5 | 793 Students | 3 reviews |
8/10 Westhoff Elementary School Public • K-5 | 530 Students | 5 reviews |
8/10 John Weldon Elementary School Public • PreK-5 | 676 Students | 8 reviews |
8/10 Twin Chimneys Elementary School Public • K-5 | 491 Students | 9 reviews |
Climate's impact on O'Fallon housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in O'Fallon.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minor
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in O'Fallon
Walk Score®
Bike Score®
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