Is Twin Groves Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Twin Groves Township is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Twin Groves Township was a Seller's Market.

Key Takeaway

Twin Groves Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Twin Groves Township, MO

How much do homes in Twin Groves Township, MO cost?

Median Sold Price

$228,225

$129/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$8,775(-3.7%)

Key Takeaway

Homes in Twin Groves Township have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Twin Groves Township was $228,225 in April 2024, down 3.7% from last year, and the median price per square foot was $129.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $83.4K$99K
+18.6%
3 $225K$222K
-1.3%
4 $290K$315.5K
+8.8%
5+ $262K$440.4K
+68.1%

Summary: Twin Groves Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 68.1%.

Median Sold Price Compared To Nearby Cities

Mineral Township
+23.7%
Jasper Township
-2.9%
Twin Groves Township
-3.7%
Carl Junction
-5.3%

Housing Supply in Twin Groves Township, MO

How many homes are available in Twin Groves Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2835+25.0%

Summary: The Twin Groves Township real estate market had 35 homes for sale in April 2024, a 25.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1118
+63.6%
4 77
0.0%
5+ 67
+16.7%

Summary: The Twin Groves Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 63.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
85-37.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Twin Groves Township, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Twin Groves Township in April 2024, down by 37.5% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Twin Groves Township, MO

How long does it take to sell a home in Twin Groves Township, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
55 Days67 Days+22.9%

Summary: Homes in Twin Groves Township had an average of 67 days on market in Apr 2024, up by 22.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

4 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 Twin Groves Township has remained consistent over time.

Summary: During April 2024, 5 homes were sold in Twin Groves Township; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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 Apr 1, 2024

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