Is Meramec Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Meramec Township has remained a Seller's Market.
Housing Prices in Meramec Township, MO
How much do homes in Meramec Township, MO cost?
Median Sold Price
$404,100
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Meramec Township was $404,100 in April 2024, up 9.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $207.5K | -22.0% |
2 Bedrooms | $207.9K | $188K | -9.6% |
3 Bedrooms | $293K | $340K | +16.0% |
4 Bedrooms | $440K | $484.5K | +10.1% |
5+ Bedrooms | $555K | $604K | +8.8% |
Summary: Meramec Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
Ellisville | $333K | $380K | +14.1% |
Eureka | $365K | $401K | +9.9% |
Meramec Township | $368K | $404.1K | +9.8% |
Wildhorse Township | $360.3K | $382.4K | +6.1% |
Wildwood | $521.4K | $529.2K | +1.5% |
Housing Supply in Meramec Township, MO
How many homes are available in Meramec Township, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
90 | 111 | +23.3% |
Summary: The Meramec Township real estate market had 111 homes for sale in April 2024, a 23.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 39 | 43 | +10.3% |
4 Bedrooms | 37 | 48 | +29.7% |
5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Meramec Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 36 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Meramec Township in April 2024, up by 9.1% month-over-month. Of the 36 sold homes, 17% were sold under asking, 14% were sold at asking, and 69% were sold over asking.
Days on Market for Meramec Township, MO
How long does it take to sell a home in Meramec Township, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 17 Days | -43.7% |
Summary: Homes in Meramec Township had an average of 17 days on market in Apr 2024, down by 43.7% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Meramec Township; 78% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.