Is Meramec 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, 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
$406,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Meramec Township was $406,500 in May 2024, up 8.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $207.5K | N/A |
2 Bedrooms | $202.5K | $207.5K | +2.5% |
3 Bedrooms | $297.5K | $330K | +10.9% |
4 Bedrooms | $440.7K | $480K | +8.9% |
5+ Bedrooms | $559K | $599K | +7.2% |
Summary: Meramec 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 2.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Ellisville | $335K | $384.9K | +14.9% |
Meramec Township | $374.9K | $406.5K | +8.4% |
Eureka | $374.9K | $401K | +6.9% |
Wildhorse Township | $363.5K | $384K | +5.6% |
Wildwood | $525K | $540K | +2.9% |
Housing Supply in Meramec Township, MO
How many homes are available in Meramec Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 121 | +17.5% |
Summary: The Meramec Township real estate market had 121 homes for sale in May 2024, a 17.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 40 | 39 | -2.5% |
4 Bedrooms | 44 | 54 | +22.7% |
5+ Bedrooms | 10 | 18 | +80.0% |
Summary: The Meramec 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 14.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 30 | -21.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Meramec Township in May 2024, down by 21.1% month-over-month. Of the 30 sold homes, 33% were sold under asking, 10% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 15 Days | -24.1% |
Summary: Homes in Meramec Township had an average of 15 days on market in May 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Meramec Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.