Is City Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing City Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, City Township has remained a Seller's Market.

Key Takeaway

City Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in City Township, MO

How much do homes in City Township, MO cost?

Median Sold Price

$146,000

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,550(+11.1%)

Key Takeaway

Homes in City Township have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in City Township was $146,000 in May 2024, up 11.1% from last year, and the median price per square foot was $95.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $72.5K$112.5K
+55.2%
3 $129.9K$146K
+12.4%
4 $149.5K$159.9K
+7.0%
5+ $429K$29K
-93.2%

Summary: City 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 increased by 55.2%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 93.2%.

Median Sold Price Compared To Nearby Cities

City Township
+11.1%
Lamar
+5.9%
Lamar Township
+5.9%

Housing Supply in City Township, MO

How many homes are available in City Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3340+21.2%

Summary: The City Township real estate market had 40 homes for sale in May 2024, a 21.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 36
+100.0%
3 2125
+19.0%
4 54
-20.0%
5+ 45
+25.0%

Summary: The City 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 increased by 100%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in City Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in City Township in May 2024, up by 200.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.

Days on Market for City Township, MO

How long does it take to sell a home in City Township, MO?

Average Sale Time

May 2023May 2024CHANGE
62 Days71 Days+14.2%

Summary: Homes in City Township had an average of 71 days on market in May 2024, up by 14.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in City Township has remained consistent over time.

Summary: During May 2024, 12 homes were sold in City Township; 8% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in City Township, MO

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