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 October 2023

Since last year, 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

$146,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$10,450(-6.7%)

Key Takeaway

Homes in Salt River Township have sold for 6.7% less than they did a year ago.

Summary: The median home sold price in Salt River Township was $146,000 in October 2024, down 6.7% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $125K$125K
0.0%
3 $158.9K$172K
+8.2%
4 $188.2K$172K
-8.6%
5+ $400K-
N/A

Summary: Salt River 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 did not change, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

South Fork Township
+45.7%
Mexico
+4.8%
Salt River Township
-6.7%

Housing Supply in Salt River Township, MO

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2421-12.5%

Summary: The Salt River Township real estate market had 21 homes for sale in October 2024, a 12.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 77
0.0%
3 1010
0.0%
4 74
-42.9%
5+ 00
0.0%

Summary: The Salt River 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were 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, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Salt River Township in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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 2023Oct 2024CHANGE
32 Days47 Days+43.7%

Summary: Homes in Salt River Township had an average of 47 days on market in Oct 2024, up by 43.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Salt River Township; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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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What housing markets are near Salt River Township, MO?