Is South Fork 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, South Fork Township has remained a Seller's Market.
Key Takeaway
South Fork Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Fork Township, MO
How much do homes in South Fork Township, MO cost?
Median Sold Price
$145,000
$94/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in South Fork Township have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in South Fork Township was $145,000 in May 2024, up 3.3% from last year, and the median price per square foot was $94.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | $100.5K | +9.2% |
| 2 Bedrooms | $85K | $108.4K | +27.6% |
| 3 Bedrooms | $149.2K | $136.5K | -8.5% |
| 4 Bedrooms | $187.5K | $230K | +22.7% |
| 5+ Bedrooms | $185.9K | $543.7K | +192.4% |
Summary: South Fork Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 27.6%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 192.4%.
Median Sold Price Compared To Nearby Cities
| South Fork Township | $140.3K | $145K | +3.3% |
| Salt River Township | $155K | $157.9K | +1.9% |
| Mexico | $148K | $146.9K | -0.7% |
Housing Supply in South Fork Township, MO
How many homes are available in South Fork Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The South Fork Township real estate market had 17 homes for sale in May 2024, a 13.3% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The South Fork 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Fork Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in South Fork Township in May 2024, up by 50.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for South Fork Township, MO
How long does it take to sell a home in South Fork Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 39 Days | -20.1% |
Summary: Homes in South Fork Township had an average of 39 days on market in May 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Fork Township has remained consistent over time.
Summary: During May 2024, 3 homes were sold in South Fork Township; 0% of homes were sold within 30 days, 100% 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.