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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Union Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Union Township, MO

How much do homes in Union Township, MO cost?

Median Sold Price

$297,500

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,985(+16.0%)

Key Takeaway

Homes in Union Township have sold for 16% more than they did a year ago.

Summary: The median home sold price in Union Township was $297,500 in May 2024, up 16% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $325K$385K
+18.5%
3 $248.5K$246.2K
-0.9%
4 $263K$323.5K
+23.0%
5+ $835K-
N/A

Summary: Union 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 18.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 23%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Carthage
+18.5%
Union Township
+16.0%
Sarcoxie Township
+10.1%
Madison Township
-7.3%

Housing Supply in Union Township, MO

How many homes are available in Union Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
75750.0%

Summary: The Union Township real estate market had 75 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 32
-33.3%
2 810
+25.0%
3 4647
+2.2%
4 1514
-6.7%
5+ 32
-33.3%

Summary: The Union Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1518+20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Union Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Union Township in May 2024, up by 20.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Union Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
66 Days42 Days-35.4%

Summary: Homes in Union Township had an average of 42 days on market in May 2024, down by 35.4% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Union Township has remained consistent over time.

Summary: During May 2024, 18 homes were sold in Union Township; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% 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 Union Township, MO

Nearby Markets to Union Township, MO

What housing markets are near Union Township, MO?