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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Boone Township, MO

How much do homes in Boone Township, MO cost?

Median Sold Price

$417,822

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,772(+3.7%)

Key Takeaway

Homes in Boone Township have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Boone Township was $417,822 in October 2024, up 3.7% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $233K$187K
-19.7%
2 $243K$250K
+2.9%
3 $350K$359.9K
+2.8%
4 $459.9K$514.9K
+11.9%
5+ $625K$624.4K
-0.1%

Summary: Boone Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

Dardenne Prairie
+5.9%
Boone Township
+3.7%
Lake Saint Louis
+0.6%

Housing Supply in Boone Township, MO

How many homes are available in Boone Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
262298+13.7%

Summary: The Boone Township real estate market had 298 homes for sale in October 2024, a 13.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3234
+6.3%
3 101105
+4.0%
4 103126
+22.3%
5+ 2633
+26.9%

Summary: The Boone Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes increased by 26.9%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5974+25.4%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone Township, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 74 homes were sold or pending in Boone Township in October 2024, up by 25.4% month-over-month. Of the 74 sold homes, 57% were sold under asking, 20% were sold at asking, and 23% were sold over asking.

Days on Market for Boone Township, MO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days34 Days+3.6%

Summary: Homes in Boone Township had an average of 34 days on market in Oct 2024, up by 3.6% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 74 homes were sold in Boone Township; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 8% 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 16 Days Ago

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