Caplen Housing Market

Updated Apr 3, 2025


90 days agoSeller'sMarket6.9513.920.85Buyer'sMarketBuyer's Market28 Months Inventory

What does this mean for you?
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Today, Caplen homes sell for a median price of $329,699 in an average of 170 days. This is a 8.1% higher price & 49 day increase compared to last year.

In March, the number of sales were down 33%. Looking ahead, pending sales have decreased 100% and there are 60% more price reductions compared to last year.


Future Indicators

Homes00.511.522.531/81/151/221/292/52/122/192/263/53/123/193/264/2Caplen Pending SalesPast 13 Weeks, Ending Apr 2202520242023

Pending sales are the #1 indicator of future closings.

Average Sold Days On Market01002003004001/81/151/221/292/52/122/192/263/53/123/193/264/2Caplen Days On MarketPast 13 Weeks, Ending Apr 2202520242023

Days on market is the #1 indicator of future price reductions.

Homes0123451/81/151/221/292/52/122/192/263/53/123/193/264/2Caplen Price ReductionsPast 13 Weeks, Ending Apr 2202520242023

Price reductions are the #1 indicator of future sales prices.


Current Real Estate Data

Total Home Sales02468101214MonthsJanFebMarAprMayJunJulAugSepOctNovDecCaplen Home Sales - Monthly2021 - 202520252024202320222021
Jan '21Feb '21Mar '21Apr '21May '21Jun '21Jul '21Aug '21Sep '21Oct '21Nov '21Dec '21Jan '22Feb '22Mar '22Apr '22May '22Jun '22Jul '22Aug '22Sep '22Oct '22Nov '22Dec '22Jan '23Feb '23Mar '23Apr '23May '23Jun '23Jul '23Aug '23Sep '23Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24Dec '24Jan '25Feb '25Mar '25Median Home Price$0$200K$400K$600K$800K$1M$1.2M$1.4MAvg 30-Year Fixed Mortgage Rate1%2%3%4%5%6%7%8%Caplen Home Prices - Monthly2021 - 2025Median Home PriceMortgage Rate

Historical Trends

Total Home Sales0102030405060Year20152016201720182019202020212022202320242025Caplen Home Sales - Annual2006 - 2025
20062007200820092010201120122013201420152016201720182019202020212022202320242025Median Home Price$0$200K$400K$600K$800KAvg 30-Year Fixed Mortgage Rate0%2%4%6%8%Caplen Home Prices - Annual2006 - 2025Median Home PriceMortgage Rate

Sources & Methodology

Data from the HAR MLS for purchases of single-family homes over $125,000 from the respective Geo Market area.

The average days on market is calculated using the average of the trailing 4 weeks of data from the Days on Market graph.

The median sale price is from the most recent month on the Home Prices - Monthly graph, comparing the value to the same month one year ago.

The number of homes sold is from the most recent month on the Home Sales - Monthly graph, comparing the value to the same month one year ago.

Pending sales values are calculated by summing the number of new “Pending” listings from the trailing four weeks for the past two years and then expressing the differences in a percentage value.

Number of properties with price reductions are calculated by summing the number of new properties with a price change and comparing it with same time periods over the last two years.

Pending Sales graph displays the weekly count of new “Pending” listings in the HAR MLS. It does not include “Option Pending” or “Pending Continuing To Show” status fields so contracts are not double or triple counted.

The Days on Market graph displays the average of the Cumulative Days on Market field for sold properties from the HAR MLS field for the past 13 weeks, as compared to the same data over the past three years.

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.


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