Is Buffalo Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Buffalo Township was a Seller's Market.
Housing Prices in Buffalo Township, MO
How much do homes in Buffalo Township, MO cost?
Median Sold Price
$162,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buffalo Township was $162,000 in May 2024, down 7.4% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | - | N/A |
2 Bedrooms | $128.8K | $135.9K | +5.5% |
3 Bedrooms | $185K | $174.7K | -5.5% |
4 Bedrooms | $159.1K | $227.5K | +42.9% |
5+ Bedrooms | $360K | $340K | -5.6% |
Summary: Buffalo Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
Adair Township | $339.4K | $485K | +42.9% |
Buffalo Township | $175K | $162K | -7.4% |
Housing Supply in Buffalo Township, MO
How many homes are available in Buffalo Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
75 | 84 | +12.0% |
Summary: The Buffalo Township real estate market had 84 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 39 | 41 | +5.1% |
4 Bedrooms | 10 | 14 | +40.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Buffalo Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Buffalo Township in May 2024, down by 10.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Buffalo Township, MO
How long does it take to sell a home in Buffalo Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 51 Days | +6.4% |
Summary: Homes in Buffalo Township had an average of 51 days on market in May 2024, up by 6.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Buffalo Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.