Is Spencer 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
Since last year, Spencer Creek Township has remained a Seller's Market.
Key Takeaway
Spencer Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencer Creek Township, MO
How much do homes in Spencer Creek Township, MO cost?
Median Sold Price
$285,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Spencer Creek Township have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Spencer Creek Township was $285,000 in May 2024, up 6.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | $130K | 0.1% |
| 2 Bedrooms | $170K | $180K | +5.9% |
| 3 Bedrooms | $290K | $303K | +4.5% |
| 4 Bedrooms | $320K | $375K | +17.2% |
| 5+ Bedrooms | $319.5K | $450K | +40.8% |
Summary: Spencer Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 40.8%.
Median Sold Price Compared To Nearby Cities
| Saint Peters Township | $285.2K | $315K | +10.4% |
| Saint Charles | $290.5K | $320K | +10.1% |
| Saint Peters | $279K | $300K | +7.5% |
| Spencer Creek Township | $268K | $285K | +6.3% |
| Zumbehl Township | $311.5K | $306.1K | -1.7% |
Housing Supply in Spencer Creek Township, MO
How many homes are available in Spencer Creek Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 72 | +18.0% |
Summary: The Spencer Creek Township real estate market had 72 homes for sale in May 2024, a 18.0% increase 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 | 17 | 18 | +5.9% |
| 3 Bedrooms | 31 | 34 | +9.7% |
| 4 Bedrooms | 11 | 17 | +54.5% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Spencer 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 increased by 5.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 31 | +47.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer Creek Township, you could pay more than the asking price. 61.3% of homes here sold above asking price last month.
Summary: A total of 31 homes were sold or pending in Spencer Creek Township in May 2024, up by 47.6% month-over-month. Of the 31 sold homes, 16% were sold under asking, 23% were sold at asking, and 61% were sold over asking.
Days on Market for Spencer Creek Township, MO
How long does it take to sell a home in Spencer Creek Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 19 Days | +57.3% |
Summary: Homes in Spencer Creek Township had an average of 19 days on market in May 2024, up by 57.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Spencer Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 31 homes were sold in Spencer Creek Township; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.