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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bourbon Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Bourbon Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Bourbon Township, MO

How much do homes in Bourbon Township, MO cost?

Median Sold Price

$272,000

$163/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$1,000(-0.4%)

Key Takeaway

The sold price of homes in Bourbon Township has remained the same since last month.

Summary: The median home sold price in Bourbon Township was $272,000 in October 2024, down 0.4% from last month, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$272K
N/A
3 $273K-
N/A
4 --
N/A
5+ --
N/A

Summary: Bourbon Township housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Bourbon Township, MO

How many homes are available in Bourbon Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1317+30.8%

Summary: The Bourbon Township real estate market had 17 homes for sale in October 2024, a 30.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 13
+200.0%
3 910
+11.1%
4 34
+33.3%
5+ 00
0.0%

Summary: The Bourbon 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 200%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

1 Home Was 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 Bourbon Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Bourbon Township in October 2024, up by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Bourbon Township, MO

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

Average Sale Time

Sep 2024Oct 2024CHANGE
62 Days65 Days+3.7%

Summary: Homes in Bourbon Township had an average of 65 days on market in Oct 2024, up by 3.7% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Bourbon Township; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Bourbon Township, MO

Nearby Markets to Bourbon Township, MO

What housing markets are near Bourbon Township, MO?