Is South Sugar Creek Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Sugar Creek Township is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, South Sugar Creek Township was a Seller's Market.

Key Takeaway

South Sugar Creek 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 South Sugar Creek Township, MO

How much do homes in South Sugar Creek Township, MO cost?

Median Sold Price

$158,250

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$7,250(-4.4%)

Key Takeaway

Homes in South Sugar Creek Township have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in South Sugar Creek Township was $158,250 in October 2024, down 4.4% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$88.5K
N/A
2 $85K$113.7K
+33.8%
3 $166.4K$170K
+2.1%
4 $224K$223.5K
-0.2%
5+ $318.5K$352K
+10.5%

Summary: South Sugar Creek 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 increased by 33.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

Moberly
+7.8%
South Sugar Creek Township
-4.4%

Housing Supply in South Sugar Creek Township, MO

How many homes are available in South Sugar Creek Township, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
45450.0%

Summary: The South Sugar Creek Township real estate market had 45 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1510
-33.3%
3 2224
+9.1%
4 59
+80.0%
5+ 32
-33.3%

Summary: The South Sugar Creek 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 decreased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
157-53.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Sugar Creek Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in South Sugar Creek Township in October 2024, down by 53.3% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for South Sugar Creek Township, MO

How long does it take to sell a home in South Sugar Creek Township, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
40 Days96 Days+139.8%

Summary: Homes in South Sugar Creek Township had an average of 96 days on market in Oct 2024, up by 139.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in South Sugar Creek Township; 57% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 43% 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 20 Days Ago

Newest Listings in South Sugar Creek Township, MO

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What housing markets are near South Sugar Creek Township, MO?