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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Katy Township is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Katy Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Katy Township, MO

How much do homes in Katy Township, MO cost?

Median Sold Price

$320,000

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$58,760(+22.5%)

Key Takeaway

Homes in Katy Township have sold for 22.5% more than they did a year ago.

Summary: The median home sold price in Katy Township was $320,000 in May 2024, up 22.5% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $85K$139.9K
+64.6%
2 -$320K
N/A
3 $210K$295K
+40.5%
4 $330K$386.9K
+17.3%
5+ $560.5K$415K
-26.0%

Summary: Katy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 40.5%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes decreased by 26%.

Median Sold Price Compared To Nearby Cities

Katy Township
+22.5%
Columbia
+4.9%
Missouri Township
+4.1%

Housing Supply in Katy Township, MO

How many homes are available in Katy Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1927+42.1%

Summary: The Katy Township real estate market had 27 homes for sale in May 2024, a 42.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 58
+60.0%
4 78
+14.3%
5+ 59
+80.0%

Summary: The Katy 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 increased by 60%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 80%.

Number of Homes Sold

Apr 2024May 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Katy Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Katy Township in May 2024, up by 600.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Katy Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
15 Days10 Days-28.6%

Summary: Homes in Katy Township had an average of 10 days on market in May 2024, down by 28.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 7 homes were sold in Katy Township; 100% of homes were sold within 30 days, 0% 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 1 Day Ago

Newest Listings in Katy Township, MO

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