$3,438 Closing Credit*
$289,500
1,434 SqFt
3 Beds
•2 Full Baths
Adam Booth, Listing Office: Booth Company Real Estate
Is Richmond Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Richmond Township was a Seller's Market.
Key Takeaway
Richmond Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Richmond Township, MO
How much do homes in Richmond Township, MO cost?
Median Sold Price
$59,509
$77/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$252,941(-81.0%)
Key Takeaway
Homes in Richmond Township have sold for 81% less than they did a month ago.
Summary: The median home sold price in Richmond Township was $59,509 in October 2024, down 81% from last month, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $59.5K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $312.4K | - | N/A |
Summary: Richmond Township housing prices by bedroom type for October 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
| Fayette | $312.4K | $265K | -15.2% |
| Richmond Township | $312.4K | $59.5K | -81.0% |
Housing Supply in Richmond Township, MO
How many homes are available in Richmond Township, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 61 | +10.9% |
Summary: The Richmond Township real estate market had 61 homes for sale in October 2024, a 10.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 21 | 26 | +23.8% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 5 | 1 | -80.0% |
Summary: The Richmond Township housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Richmond Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Richmond Township in October 2024, the same as the previous 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 Richmond Township, MO
How long does it take to sell a home in Richmond Township, MO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 159 Days | 8 Days | -95.0% |
Summary: Homes in Richmond Township had an average of 8 days on market in Oct 2024, down by 95% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Richmond Township are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Richmond Township; 10% 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.
Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.