Is Tesson Ferry 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, Tesson Ferry Township has remained a Seller's Market.
Housing Prices in Tesson Ferry Township, MO
How much do homes in Tesson Ferry Township, MO cost?
Median Sold Price
$330,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Tesson Ferry Township was $330,000 in May 2024, up 6.1% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $112K | $102K | -8.9% |
2 Bedrooms | $175K | $189.9K | +8.5% |
3 Bedrooms | $307K | $310.5K | +1.1% |
4 Bedrooms | $385.5K | $430K | +11.5% |
5+ Bedrooms | $655K | $590K | -9.9% |
Summary: Tesson Ferry Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 9.9%.
Median Sold Price Compared To Nearby Cities
Lemay Township | $175K | $193K | +10.3% |
Concord Township | $225K | $240K | +6.7% |
Tesson Ferry Township | $311K | $330K | +6.1% |
Oakville Township | $300K | $317K | +5.7% |
Sunset Hills | $540K | $513.5K | -4.9% |
Housing Supply in Tesson Ferry Township, MO
How many homes are available in Tesson Ferry Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
103 | 112 | +8.7% |
Summary: The Tesson Ferry Township real estate market had 112 homes for sale in May 2024, a 8.7% 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 | 26 | 26 | 0.0% |
3 Bedrooms | 37 | 43 | +16.2% |
4 Bedrooms | 33 | 38 | +15.2% |
5+ Bedrooms | 7 | 5 | -28.6% |
Summary: The Tesson Ferry 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 increased by 16.2%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 38 | -5.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 38 homes were sold or pending in Tesson Ferry Township in May 2024, down by 5.0% month-over-month. Of the 38 sold homes, 24% were sold under asking, 16% were sold at asking, and 61% were sold over asking.
Days on Market for Tesson Ferry Township, MO
How long does it take to sell a home in Tesson Ferry Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 17 Days | -21.5% |
Summary: Homes in Tesson Ferry Township had an average of 17 days on market in May 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 38 homes were sold in Tesson Ferry Township; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.