Is South Sugar Creek Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Sugar Creek Township was a Neutral Market.
Key Takeaway
South Sugar Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Sugar Creek Township, MO
How much do homes in South Sugar Creek Township, MO cost?
Median Sold Price
$160,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Sugar Creek Township have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in South Sugar Creek Township was $160,000 in May 2024, up 15.1% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $14K | $170K | +1114.3% |
| 2 Bedrooms | $85.2K | $105.6K | +23.9% |
| 3 Bedrooms | $170.2K | $166.5K | -2.2% |
| 4 Bedrooms | $177.5K | $232K | +30.7% |
| 5+ Bedrooms | $300K | $270K | -10.0% |
Summary: South Sugar Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1114.3%, 2 bedroom homes increased by 23.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 30.7%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
| Moberly | $114.7K | $152.5K | +32.9% |
| North Sugar Creek Township | $73.2K | $89.9K | +22.7% |
| South Sugar Creek Township | $139K | $160K | +15.1% |
Housing Supply in South Sugar Creek Township, MO
How many homes are available in South Sugar Creek Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 48 | -14.3% |
Summary: The South Sugar Creek Township real estate market had 48 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 19 | 14 | -26.3% |
| 3 Bedrooms | 24 | 21 | -12.5% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The South Sugar Creek 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 26.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Sugar Creek Township, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in South Sugar Creek Township in May 2024, down by 13.3% month-over-month. Of the 13 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
Days on Market for South Sugar Creek Township, MO
How long does it take to sell a home in South Sugar Creek Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 50 Days | 16 Days | -66.3% |
Summary: Homes in South Sugar Creek Township had an average of 16 days on market in May 2024, down by 66.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Sugar Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in South Sugar Creek Township; 85% of homes were sold within 30 days, 15% 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.