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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tesson Ferry Township is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Tesson Ferry Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tesson Ferry Township, MO

How much do homes in Tesson Ferry Township, MO cost?

Median Sold Price

$326,187

$158/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$9,353(+3.0%)

Key Takeaway

Homes in Tesson Ferry Township have sold for 3% more than they did a year ago.

Summary: The median home sold price in Tesson Ferry Township was $326,187 in September 2024, up 3% from last year, and the median price per square foot was $158.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $112K$125K
+11.6%
2 $176.5K$190K
+7.6%
3 $307.5K$315K
+2.4%
4 $425K$415K
-2.4%
5+ $535K$580K
+8.4%

Summary: Tesson Ferry Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.6%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Cities

Lemay Township
+11.8%
Concord Township
+11.1%
Oakville Township
+6.3%
Tesson Ferry Township
+3.0%
Sunset Hills
-8.4%

Housing Supply in Tesson Ferry Township, MO

How many homes are available in Tesson Ferry Township, MO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
108118+9.3%

Summary: The Tesson Ferry Township real estate market had 118 homes for sale in September 2024, a 9.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2929
0.0%
3 3651
+41.7%
4 3532
-8.6%
5+ 86
-25.0%

Summary: The Tesson Ferry Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4034-15.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tesson Ferry Township, you may be able to get a good deal. 35.3% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in Tesson Ferry Township in September 2024, down by 15.0% month-over-month. Of the 34 sold homes, 35% were sold under asking, 29% were sold at asking, and 35% were sold over asking.

Days on Market for Tesson Ferry Township, MO

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

Average Sale Time

Sep 2023Sep 2024CHANGE
34 Days15 Days-53.9%

Summary: Homes in Tesson Ferry Township had an average of 15 days on market in Sep 2024, down by 53.9% compared to last year.

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 34 homes were sold in Tesson Ferry Township; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Tesson Ferry Township, MO

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