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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral Township is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mineral Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Mineral Township, MO

How much do homes in Mineral Township, MO cost?

Median Sold Price

$235,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$7,639(+3.4%)

Key Takeaway

Homes in Mineral Township have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Mineral Township was $235,000 in October 2024, up 3.4% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$80.5K
N/A
2 $169.9K$131.1K
-22.9%
3 $196K$219K
+11.7%
4 $280K$315.5K
+12.7%
5+ $363.7K$441.2K
+21.3%

Summary: Mineral 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 decreased by 22.9%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Cities

Oronogo
+17.5%
Carterville
+11.9%
Mineral Township
+3.4%

Housing Supply in Mineral Township, MO

How many homes are available in Mineral Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5260+15.4%

Summary: The Mineral Township real estate market had 60 homes for sale in October 2024, a 15.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 23
+50.0%
3 3433
-2.9%
4 1015
+50.0%
5+ 47
+75.0%

Summary: The Mineral 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 increased by 50%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
11110.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Mineral Township in October 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.

Days on Market for Mineral Township, MO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
82 Days122 Days+47.6%

Summary: Homes in Mineral Township had an average of 122 days on market in Oct 2024, up by 47.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mineral Township has remained consistent over time.

Summary: During October 2024, 11 homes were sold in Mineral Township; 0% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 18% 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 Mineral Township, MO

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