Is Bonhomme Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bonhomme Township has remained a Seller's Market.
Key Takeaway
Bonhomme Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bonhomme Township, MO
How much do homes in Bonhomme Township, MO cost?
Median Sold Price
$375,120
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bonhomme Township have sold for 3.4% less than they did a year ago.
Summary: The median home sold price in Bonhomme Township was $375,120 in May 2024, down 3.4% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $160K | $142.5K | -10.9% |
| 2 Bedrooms | $222.9K | $243K | +9.0% |
| 3 Bedrooms | $358.2K | $350K | -2.3% |
| 4 Bedrooms | $601.5K | $530.5K | -11.8% |
| 5+ Bedrooms | $890.9K | $912K | +2.4% |
Summary: Bonhomme Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 9%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Fenton | $327.5K | $345K | +5.3% |
| Kirkwood | $378.2K | $374.7K | -0.9% |
| Bonhomme Township | $388.1K | $375.1K | -3.4% |
| Sunset Hills | $540K | $513.5K | -4.9% |
Housing Supply in Bonhomme Township, MO
How many homes are available in Bonhomme Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 151 | 170 | +12.6% |
Summary: The Bonhomme Township real estate market had 170 homes for sale in May 2024, a 12.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 35 | 28 | -20.0% |
| 3 Bedrooms | 45 | 59 | +31.1% |
| 4 Bedrooms | 45 | 54 | +20.0% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The Bonhomme Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 31.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 56 | +36.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bonhomme Township, you could pay more than the asking price. 56.4% of homes here sold above asking price last month.
Summary: A total of 56 homes were sold or pending in Bonhomme Township in May 2024, up by 36.6% month-over-month. Of the 55 sold homes, 35% were sold under asking, 9% were sold at asking, and 56% were sold over asking.
Days on Market for Bonhomme Township, MO
How long does it take to sell a home in Bonhomme Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 22 Days | 0.5% |
Summary: Homes in Bonhomme Township had an average of 22 days on market in May 2024, up by 0.5% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bonhomme Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 56 homes were sold in Bonhomme Township; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.