Is Summit 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, Summit Township has remained a Seller's Market.
Housing Prices in Summit Township, MO
How much do homes in Summit Township, MO cost?
Median Sold Price
$272,500
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Summit Township was $272,500 in May 2024, down 1.8% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $220K | $180K | -18.2% |
3 Bedrooms | $240K | $269.9K | +12.5% |
4 Bedrooms | $335K | $480K | +43.3% |
5+ Bedrooms | $400.8K | $380K | -5.2% |
Summary: Summit 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 decreased by 18.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 43.3%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Cedar Township | $217.7K | $300.9K | +38.2% |
Jefferson Township | $208K | $219K | +5.3% |
Jefferson City | $209.9K | $219K | +4.3% |
Summit Township | $277.5K | $272.5K | -1.8% |
Holts Summit | $281K | $275K | -2.1% |
Housing Supply in Summit Township, MO
How many homes are available in Summit Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 20 | -13.0% |
Summary: The Summit Township real estate market had 20 homes for sale in May 2024, a 13.0% decrease 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 | 0 | 0 | 0.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Summit 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 decreased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 7 | +133.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Summit Township in May 2024, up by 133.3% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Summit Township, MO
How long does it take to sell a home in Summit Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 24 Days | +23.9% |
Summary: Homes in Summit Township had an average of 24 days on market in May 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Summit Township; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.