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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Galloway Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, South Galloway Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Galloway Township, MO

How much do homes in South Galloway Township, MO cost?

Median Sold Price

$330,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$14,500(-4.2%)

Key Takeaway

Homes in South Galloway Township have sold for 4.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$122K
N/A
2 --
N/A
3 $305K$305.5K
0.2%
4 $625K$344.9K
-44.8%
5+ $320K$375K
+17.2%

Summary: South Galloway 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 did not change, 3 bedroom homes increased by 0.2%, 4 bedroom homes decreased by 44.8%, and 5+ bedroom homes increased by 17.2%.

Housing Supply in South Galloway Township, MO

How many homes are available in South Galloway Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
13130.0%

Summary: The South Galloway Township real estate market had 13 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 00
0.0%
3 54
-20.0%
4 67
+16.7%
5+ 11
0.0%

Summary: The South Galloway 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 decreased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Galloway Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in South Galloway Township in May 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for South Galloway Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
2 Days18 Days+650.0%

Summary: Homes in South Galloway Township had an average of 18 days on market in May 2024, up by 650% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 4 homes were sold in South Galloway Township; 75% of homes were sold within 30 days, 25% 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 8 Days Ago

Newest Listings in South Galloway Township, MO

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