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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ruth B Rural Township is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, Ruth B Rural Township has remained a Buyer's Market.

Key Takeaway

Ruth B Rural Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ruth B Rural Township, MO

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

Median Sold Price

$325,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,000(+1.6%)

Key Takeaway

Homes in Ruth B Rural Township have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Ruth B Rural Township was $325,000 in May 2024, up 1.6% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $185K$207.3K
+12.1%
2 $255K$260K
+2.0%
3 $319K$345K
+8.2%
4 $645K$495.3K
-23.2%
5+ $475K$503.7K
+6.1%

Summary: Ruth B Rural Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Alpine Township
+33.1%
Ruth B City Township
+6.3%
Ruth B Rural Township
+1.6%
Kimberling City
-5.5%
Pine B Township
-24.6%

Housing Supply in Ruth B Rural Township, MO

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

Number of Homes For Sale

Apr 2024May 2024CHANGE
4445+2.3%

Summary: The Ruth B Rural Township real estate market had 45 homes for sale in May 2024, a 2.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 13
+200.0%
2 56
+20.0%
3 1918
-5.3%
4 1111
0.0%
5+ 87
-12.5%

Summary: The Ruth B Rural Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ruth B Rural Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Ruth B Rural Township in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ruth B Rural Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
44 Days150 Days+240.9%

Summary: Homes in Ruth B Rural Township had an average of 150 days on market in May 2024, up by 240.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Ruth B Rural Township; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 Ruth B Rural Township, MO

Nearby Markets to Ruth B Rural Township, MO

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