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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Independence Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Independence Township, MO

How much do homes in Independence Township, MO cost?

Median Sold Price

$270,000

$109/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$102,550(+61.2%)

Key Takeaway

Homes in Independence Township have sold for 61.2% more than they did a month ago.

Summary: The median home sold price in Independence Township was $270,000 in November 2024, up 61.2% from last month, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $200K$270K
+35.0%
4 $134.9K-
N/A
5+ --
N/A

Summary: Independence 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 increased by 35%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Independence Township, MO

How many homes are available in Independence Township, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
580591+1.9%

Summary: The Independence Township real estate market had 591 homes for sale in November 2024, a 1.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 131131
0.0%
3 324338
+4.3%
4 108103
-4.6%
5+ 1517
+13.3%

Summary: The Independence 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 remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
143114-20.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Independence Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 114 homes were sold or pending in Independence Township in November 2024, down by 20.3% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Independence Township, MO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
108 Days32 Days-70.3%

Summary: Homes in Independence Township had an average of 32 days on market in Nov 2024, down by 70.3% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 114 homes were sold in Independence Township; 4% of homes were sold within 30 days, 3% 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 18 Days Ago

Newest Listings in Independence Township, MO

Nearby Markets to Independence Township, MO

What housing markets are near Independence Township, MO?