Is City 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, City Township has remained a Seller's Market.
Housing Prices in City Township, MO
How much do homes in City Township, MO cost?
Median Sold Price
$146,000
$95/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in City Township was $146,000 in May 2024, up 11.1% from last year, and the median price per square foot was $95.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $72.5K | $112.5K | +55.2% |
3 Bedrooms | $129.9K | $146K | +12.4% |
4 Bedrooms | $149.5K | $159.9K | +7.0% |
5+ Bedrooms | $429K | $29K | -93.2% |
Summary: City 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 55.2%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 93.2%.
Median Sold Price Compared To Nearby Cities
City Township | $131.4K | $146K | +11.1% |
Lamar | $139K | $147.2K | +5.9% |
Lamar Township | $139K | $147.2K | +5.9% |
Housing Supply in City Township, MO
How many homes are available in City Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
33 | 40 | +21.2% |
Summary: The City Township real estate market had 40 homes for sale in May 2024, a 21.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 6 | +100.0% |
3 Bedrooms | 21 | 25 | +19.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The City 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 100%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 12 | +200.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in City Township in May 2024, up by 200.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for City Township, MO
How long does it take to sell a home in City Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
62 Days | 71 Days | +14.2% |
Summary: Homes in City Township had an average of 71 days on market in May 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in City Township; 8% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.