Is Oakville 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, Oakville Township has remained a Seller's Market.
Key Takeaway
Oakville Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakville Township, MO
How much do homes in Oakville Township, MO cost?
Median Sold Price
$317,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oakville Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Oakville Township was $317,000 in May 2024, up 5.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $75K | -6.3% |
| 2 Bedrooms | $177.4K | $200K | +12.7% |
| 3 Bedrooms | $280.3K | $302.7K | +8.0% |
| 4 Bedrooms | $375K | $390K | +4.0% |
| 5+ Bedrooms | $429K | $490K | +14.2% |
Summary: Oakville Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 14.2%.
Median Sold Price Compared To Nearby Cities
| Lemay Township | $175K | $193K | +10.3% |
| Tesson Ferry Township | $311K | $330K | +6.1% |
| Oakville Township | $300K | $317K | +5.7% |
Housing Supply in Oakville Township, MO
How many homes are available in Oakville Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 93 | 114 | +22.6% |
Summary: The Oakville Township real estate market had 114 homes for sale in May 2024, a 22.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 42 | 52 | +23.8% |
| 4 Bedrooms | 26 | 33 | +26.9% |
| 5+ Bedrooms | 7 | 12 | +71.4% |
Summary: The Oakville Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes increased by 71.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 38 | +26.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakville Township, you could pay more than the asking price. 60.5% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Oakville Township in May 2024, up by 26.7% month-over-month. Of the 38 sold homes, 24% were sold under asking, 16% were sold at asking, and 61% were sold over asking.
Days on Market for Oakville Township, MO
How long does it take to sell a home in Oakville Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 13 Days | -43.8% |
Summary: Homes in Oakville Township had an average of 13 days on market in May 2024, down by 43.8% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakville Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Oakville Township; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.