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.
What is the housing market like in O'Fallon today?
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.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$351,100
+0.3% YoY | Apr 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Apr 2024
Growth
% YoY
O'Fallon, MO
$351,100
+0.3%
United States
To compare other locations to the O'Fallon and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. O'Fallon's median sale price is 19% lower than the national average. Overall cost of living in O'Fallon is 1% lower than the national average. Learn which home features in O'Fallon add value to a home.
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?
O'Fallon is very competitive. Homes sell in 5 days.
0
100
88
Very Competitive
Redfin Compete Score™
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 homes
can sell for about 6% above list price and go pending in around 3 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for O'Fallon
Explore recent offers and recently sold homes in O'Fallon
Recent offers
Offer Not Accepted|
6 Weeks Ago
~$225K Offer
Sold for $225K
2bd | 2.5ba | ~1,500sqft
Over List Price
15%
Days on Market
6
Competing Offers
18
Down Payment
—
Doug Muensterman
O'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|
8 Weeks Ago
~$375K Offer
Sold for $375K
3bd | 2ba | ~1,500sqft
Over List Price
7%
Days on Market
9
Competing Offers
8
Down Payment
<10%
Doug Muensterman
O'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 Offer
Sold for $275K
3bd | 2.5ba | ~1,250sqft
Over List Price
5%
Days on Market
4
Competing Offers
4
Down Payment
—
Yuliana Erazo
O'Fallon Redfin Agent
This property ended up with 7 offers, which were all well above the asking price. Some waived Appraisal or had appraisal gaps. And some waived inspections and/or repairs.
…
More
Offer Not Accepted|
12 Weeks Ago
~$225K Offer
Sold for $250K
2bd | 3.5ba | ~1,750sqft
Over List Price
0%
Days on Market
2
Competing Offers
8
Down Payment
~10%
Doug Muensterman
O'Fallon Redfin Agent
Offer included an escalation clause and limited inspection contingency, waived appraisal. In the end seller accepted an offer in the mid 250 range and they waived everything. …
More
Schools in O'Fallon
Learn about schools in the O'Fallon area
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
Only showing 5 of
21 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
O'Fallon has a moderate risk of flooding. 3,412 properties in O'Fallon are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in O'Fallon. Flood risk is increasing slower than the national average.
39% of properties are at risk of wildfire over the next 30 years
Fire Factor
O'Fallon has a moderate risk of wildfire. There are 13,021 properties in O'Fallon that have some risk of being affected by wildfire over the next 30 years. This represents 39% of all properties in O'Fallon.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
O'Fallon has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. O'Fallon is most at risk from hurricanes. 32,922 properties in O'Fallon have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 49 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 58 mph.