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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Five Mile Township is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Five Mile Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in Five Mile Township, MO

How much do homes in Five Mile Township, MO cost?

Median Sold Price

$285,000

$173/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$20,000(+7.5%)

Key Takeaway

Homes in Five Mile Township have sold for 7.5% more than they did a month ago.

Summary: The median home sold price in Five Mile Township was $285,000 in November 2024, up 7.5% from last month, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $265K-
N/A
3 -$285K
N/A
4 --
N/A
5+ --
N/A

Summary: Five Mile Township housing prices by bedroom type for November 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.

Median Sold Price Compared To Nearby Cities

Five Mile Township
+7.5%
Garden Township
-80.4%

Housing Supply in Five Mile Township, MO

How many homes are available in Five Mile Township, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1316+23.1%

Summary: The Five Mile Township real estate market had 16 homes for sale in November 2024, a 23.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 79
+28.6%
4 46
+50.0%
5+ 11
0.0%

Summary: The Five Mile Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Five Mile Township, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Five Mile Township in November 2024, up by 300.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for Five Mile Township, MO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
42 Days88 Days+111.1%

Summary: Homes in Five Mile Township had an average of 88 days on market in Nov 2024, up by 111.1% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 Five Mile Township has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Five Mile Township; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 Five Mile Township, MO

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