Is Southwest Marion Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Marion Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Southwest Marion Township has remained a Seller's Market.

Key Takeaway

Southwest Marion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southwest Marion Township, MO

How much do homes in Southwest Marion Township, MO cost?

Median Sold Price

$250,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+11.1%)

Key Takeaway

Homes in Southwest Marion Township have sold for 11.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$190K
N/A
2 $65K$145K
+123.1%
3 $221.6K$250K
+12.8%
4 $302.5K$270.2K
-10.7%
5+ $353.5K$375K
+6.1%

Summary: Southwest Marion 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 123.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes increased by 6.1%.

Median Sold Price Compared To Nearby Cities

Southwest Marion Township
+11.1%
Bolivar
+6.6%
Southeast Marion Township
+4.5%
Northwest Marion Township
-1.3%

Housing Supply in Southwest Marion Township, MO

How many homes are available in Southwest Marion Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2526+4.0%

Summary: The Southwest Marion Township real estate market had 26 homes for sale in May 2024, a 4.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2019
-5.0%
4 35
+66.7%
5+ 11
0.0%

Summary: The Southwest Marion 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 5%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Marion Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Southwest Marion Township in May 2024, up by 60.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Southwest Marion Township, MO

How long does it take to sell a home in Southwest Marion Township, MO?

Average Sale Time

May 2023May 2024CHANGE
59 Days9 Days-83.4%

Summary: Homes in Southwest Marion Township had an average of 9 days on market in May 2024, down by 83.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southwest Marion Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Southwest Marion Township; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 8 Days Ago

Newest Listings in Southwest Marion Township, MO

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What housing markets are near Southwest Marion Township, MO?