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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ruth B City Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Ruth B City Township, MO

How much do homes in Ruth B City Township, MO cost?

Median Sold Price

$334,950

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$19,950(+6.3%)

Key Takeaway

Homes in Ruth B City Township have sold for 6.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $235K$250K
+6.4%
3 $245K$345K
+40.8%
4 $426K$379.9K
-10.8%
5+ $720.5K$440K
-38.9%

Summary: Ruth B 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 6.4%, 3 bedroom homes increased by 40.8%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes decreased by 38.9%.

Median Sold Price Compared To Nearby Cities

Ruth B City Township
+6.3%
Ruth B Rural Township
+1.6%
Kimberling City
-5.5%

Housing Supply in Ruth B City Township, MO

How many homes are available in Ruth B City Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4344+2.3%

Summary: The Ruth B City Township real estate market had 44 homes for sale in May 2024, a 2.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 1716
-5.9%
4 1112
+9.1%
5+ 77
0.0%

Summary: The Ruth B 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 12.5%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ruth B City Township, you may be able to get a good deal. 90% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Ruth B City Township in May 2024, up by 150.0% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.

Days on Market for Ruth B City Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
38 Days60 Days+55.8%

Summary: Homes in Ruth B City Township had an average of 60 days on market in May 2024, up by 55.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ruth B City Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Ruth B City Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 9 Days Ago

Newest Listings in Ruth B City Township, MO

Nearby Markets to Ruth B City Township, MO

What housing markets are near Ruth B City Township, MO?