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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Salt River Township is a seller's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Salt River Township, MO

How much do homes in Salt River Township, MO cost?

Median Sold Price

$140,000

$114/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$54,000(-27.8%)

Key Takeaway

Homes in Salt River Township have sold for 27.8% less than they did a month ago.

Summary: The median home sold price in Salt River Township was $140,000 in November 2024, down 27.8% from last month, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $150K$115K
-23.3%
3 $229.5K$190.5K
-17.0%
4 --
N/A
5+ --
N/A

Summary: Salt River 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 decreased by 23.3%, 3 bedroom homes decreased by 17%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Salt River Township, MO

How many homes are available in Salt River Township, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2022+10.0%

Summary: The Salt River Township real estate market had 22 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 78
+14.3%
3 97
-22.2%
4 47
+75.0%
5+ 00
0.0%

Summary: The Salt River 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 increased by 14.3%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Salt River Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Salt River Township in November 2024, down by 16.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Salt River Township, MO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
47 Days34 Days-27.2%

Summary: Homes in Salt River Township had an average of 34 days on market in Nov 2024, down by 27.2% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Salt River Township; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 Salt River Township, MO

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