Is Thayer, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thayer is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Thayer has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thayer, MO

How much do homes in Thayer, MO cost?

Median Sold Price

$146,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$51,000(+53.7%)

Key Takeaway

Homes in Thayer have sold for 53.7% more than they did a year ago.

Summary: The median home sold price in Thayer was $146,000 in May 2024, up 53.7% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $20.5K$15.9K
-22.4%
2 $66.9K$96.5K
+44.1%
3 $108.5K$147K
+35.5%
4 $225K$278.5K
+23.8%
5+ $310K$232.2K
-25.1%

Summary: Thayer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 25.1%.

Median Sold Price Compared To Nearby Cities

Thayer
+53.7%
Thayer Township
+53.7%

Housing Supply in Thayer, MO

How many homes are available in Thayer, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
35350.0%

Summary: The Thayer real estate market had 35 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1313
0.0%
3 1413
-7.1%
4 66
0.0%
5+ 11
0.0%

Summary: The Thayer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thayer, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Thayer in May 2024, up by 33.3% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Thayer, MO

How long does it take to sell a home in Thayer, MO?

Average Sale Time

May 2023May 2024CHANGE
98 Days70 Days-28.4%

Summary: Homes in Thayer had an average of 70 days on market in May 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Thayer; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

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