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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Polk Township is a buyer's market

Buyer's
Market

Difference Since May 2023

Since last year, East Polk Township has remained a Buyer's Market.

Key Takeaway

East Polk Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Polk Township, MO

How much do homes in East Polk Township, MO cost?

Median Sold Price

$254,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$35,500(-12.2%)

Key Takeaway

Homes in East Polk Township have sold for 12.2% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$125K
N/A
2 $137.4K$123.5K
-10.1%
3 $250K$249.9K
0%
4 $387K$499.9K
+29.2%
5+ $540K-
N/A

Summary: East Polk 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 decreased by 10.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Republic Township
+7.6%
Billings
-1.7%
East Polk Township
-12.2%

Housing Supply in East Polk Township, MO

How many homes are available in East Polk Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1524+60.0%

Summary: The East Polk Township real estate market had 24 homes for sale in May 2024, a 60.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 713
+85.7%
4 68
+33.3%
5+ 12
+100.0%

Summary: The East Polk 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 85.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Polk Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in East Polk Township in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for East Polk Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
16 Days6 Days-60.4%

Summary: Homes in East Polk Township had an average of 6 days on market in May 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 3 homes were sold in East Polk Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 3 Days Ago

Newest Listings in East Polk Township, MO

Nearby Markets to East Polk Township, MO

What housing markets are near East Polk Township, MO?