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 buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Five Mile Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Five Mile Township, MO

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

Median Sold Price

$310,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$26,000(-7.7%)

Key Takeaway

Homes in Five Mile Township have sold for 7.7% less than they did a year ago.

Summary: The median home sold price in Five Mile Township was $310,000 in October 2024, down 7.7% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $162.5K$245K
+50.8%
3 $246.5K$294.4K
+19.5%
4 $441.7K$472.3K
+6.9%
5+ $450K$532.5K
+18.3%

Summary: Five Mile Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 50.8%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes increased by 18.3%.

Median Sold Price Compared To Nearby Cities

Joplin
+8.1%
Shoal Creek Township
0.0%
Five Mile Township
-7.7%

Housing Supply in Five Mile Township, MO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
14140.0%

Summary: The Five Mile Township real estate market had 14 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 31
-66.7%
3 65
-16.7%
4 57
+40.0%
5+ 01
+100.0%

Summary: The Five Mile 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 decreased by 66.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 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 Five Mile Township, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Five Mile Township in October 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% 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 2023Oct 2024CHANGE
74 Days42 Days-43.8%

Summary: Homes in Five Mile Township had an average of 42 days on market in Oct 2024, down by 43.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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 October 2024, 1 homes were sold in Five Mile Township; 0% of homes were sold within 30 days, 100% 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 17 Days Ago

Newest Listings in Five Mile Township, MO

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