Is Ruth C Rural Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ruth C Rural Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Ruth C Rural Township was a Seller's Market.

Key Takeaway

Ruth C Rural Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ruth C Rural Township, MO

How much do homes in Ruth C Rural Township, MO cost?

Median Sold Price

$285,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$25,000(-8.1%)

Key Takeaway

Homes in Ruth C Rural Township have sold for 8.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $121.6K$71.7K
-41.0%
2 $280K$272.5K
-2.7%
3 $487.5K$365K
-25.1%
4 $584.5K$430K
-26.4%
5+ $786.2K$814.5K
+3.6%

Summary: Ruth C Rural Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 41%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 25.1%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Cities

Ruth C Township
+12.5%
Ruth C Rural Township
-8.1%
Indian Point
-8.1%
Pine A Township
-10.0%

Housing Supply in Ruth C Rural Township, MO

How many homes are available in Ruth C Rural Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4550+11.1%

Summary: The Ruth C Rural Township real estate market had 50 homes for sale in May 2024, a 11.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 26
+200.0%
2 3129
-6.5%
3 67
+16.7%
4 12
+100.0%
5+ 56
+20.0%

Summary: The Ruth C Rural Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
104-60.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ruth C Rural Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Ruth C Rural Township in May 2024, down by 60.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Ruth C Rural Township, MO

How long does it take to sell a home in Ruth C Rural Township, MO?

Average Sale Time

May 2023May 2024CHANGE
23 Days68 Days+195.7%

Summary: Homes in Ruth C Rural Township had an average of 68 days on market in May 2024, up by 195.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ruth C Rural Township has remained consistent over time.

Summary: During May 2024, 4 homes were sold in Ruth C Rural Township; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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

Newest Listings in Ruth C Rural Township, MO

Nearby Markets to Ruth C Rural Township, MO

What housing markets are near Ruth C Rural Township, MO?