Is Missouri River 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, Missouri River Township has remained a Seller's Market.
Key Takeaway
Missouri River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Missouri River Township, MO
How much do homes in Missouri River Township, MO cost?
Median Sold Price
$719,400
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Missouri River Township have sold for 16% more than they did a year ago.
Summary: The median home sold price in Missouri River Township was $719,400 in May 2024, up 16% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $265K | N/A |
| 2 Bedrooms | $323.7K | $410K | +26.6% |
| 3 Bedrooms | $406.5K | $475K | +16.9% |
| 4 Bedrooms | $640K | $700K | +9.4% |
| 5+ Bedrooms | $1.0M | $1.2M | +13.5% |
Summary: Missouri River 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 26.6%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Cities
| Missouri River Township | $620K | $719.4K | +16.0% |
| Town and Country | $922.1K | $975K | +5.7% |
Housing Supply in Missouri River Township, MO
How many homes are available in Missouri River Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 112 | 128 | +14.3% |
Summary: The Missouri River Township real estate market had 128 homes for sale in May 2024, a 14.3% increase 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 29 | 27 | -6.9% |
| 4 Bedrooms | 50 | 56 | +12.0% |
| 5+ Bedrooms | 31 | 43 | +38.7% |
Summary: The Missouri River 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 6.9%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 38.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 33 | -17.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Missouri River Township, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Missouri River Township in May 2024, down by 17.5% month-over-month. Of the 33 sold homes, 21% were sold under asking, 12% were sold at asking, and 67% were sold over asking.
Days on Market for Missouri River Township, MO
How long does it take to sell a home in Missouri River Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 14 Days | -75.6% |
Summary: Homes in Missouri River Township had an average of 14 days on market in May 2024, down by 75.6% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Missouri River Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Missouri River Township; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.