Eureka, MO

Eureka is a small town located in the Ozarks of Missouri. The population is just over 2,000 people and the median household income is just over $50,000. Eureka has a strong agricultural economy and is home to several small businesses, including a grain elevator and a cheese factory. The town's main source of revenue comes from real estate.

The real estate market in Eureka is very competitive. There are only a few homes available for sale and most of them are quickly snapped up by buyers who want to live in this picturesque town. Home prices range from $100,000 to $300,000 and the average sale price is around $225,000.

The biggest reason why the real estate market in Eureka is so hot is because there are plenty of new homes being built in the area. Developers are starting to build new homes again after having stopped building them for many years due to the recession. This has led to an increase in demand for housing and consequently an increase in home prices.

Another factor that contributes to the high demand for housing in Eureka is the fact that it's located close to major cities such as St Louis and Springfield. Many people who live in Eureka commute into these larger cities every day for work or school, which means they're looking for places to live that are convenient and affordable.

Overall, it seems like the real estate market in Eureka will continue to be very hot for some time yet due to its limited supply of homes on the market combined with its proximity to major cities