Is Cedar 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, Cedar Township has remained a Seller's Market.
Key Takeaway
Cedar Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cedar Township, MO
How much do homes in Cedar Township, MO cost?
Median Sold Price
$374,900
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cedar Township have sold for 10.3% more than they did a year ago.
Summary: The median home sold price in Cedar Township was $374,900 in May 2024, up 10.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | - | $122.5K | N/A |
| 3 Bedrooms | $290K | $325K | +12.1% |
| 4 Bedrooms | $460K | $432.5K | -6.0% |
| 5+ Bedrooms | $600K | $590K | -1.7% |
Summary: Cedar Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Cedar Township | $340K | $374.9K | +10.3% |
| Ashland | $310K | $338K | +9.0% |
| Three Creeks Township | $310K | $329.5K | +6.3% |
Housing Supply in Cedar Township, MO
How many homes are available in Cedar Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 43 | -18.9% |
Summary: The Cedar Township real estate market had 43 homes for sale in May 2024, a 18.9% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 28 | 22 | -21.4% |
| 4 Bedrooms | 19 | 16 | -15.8% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Cedar Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 15.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 13 | +44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cedar Township, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Cedar Township in May 2024, up by 44.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Cedar Township, MO
How long does it take to sell a home in Cedar Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 41 Days | -44.0% |
Summary: Homes in Cedar Township had an average of 41 days on market in May 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cedar Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Cedar Township; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
