Is Rock Bridge 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, Rock Bridge Township has remained a Seller's Market.
Housing Prices in Rock Bridge Township, MO
How much do homes in Rock Bridge Township, MO cost?
Median Sold Price
$465,000
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rock Bridge Township was $465,000 in May 2024, up 9.7% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $93K | $129.5K | +39.2% |
3 Bedrooms | $320K | $335K | +4.7% |
4 Bedrooms | $425K | $480K | +12.9% |
5+ Bedrooms | $628K | $650K | +3.5% |
Summary: Rock Bridge 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 39.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Cities
Rock Bridge Township | $424K | $465K | +9.7% |
Columbia | $287.8K | $301.9K | +4.9% |
Missouri Township | $289.7K | $301.5K | +4.1% |
Housing Supply in Rock Bridge Township, MO
How many homes are available in Rock Bridge Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 72 | -11.1% |
Summary: The Rock Bridge Township real estate market had 72 homes for sale in May 2024, a 11.1% 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 | 3 | 2 | -33.3% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 19 | 18 | -5.3% |
5+ Bedrooms | 43 | 35 | -18.6% |
Summary: The Rock Bridge 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 decreased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 18.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 21 | -16.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Rock Bridge Township in May 2024, down by 16.0% month-over-month. Of the 20 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Rock Bridge Township, MO
How long does it take to sell a home in Rock Bridge Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 17 Days | -48.6% |
Summary: Homes in Rock Bridge Township had an average of 17 days on market in May 2024, down by 48.6% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Rock Bridge Township; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.