Is Thayer, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thayer is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Thayer has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Thayer, MO

How much do homes in Thayer, MO cost?

Median Sold Price

$146,000

$85/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$51,000(+53.7%)

Key Takeaway

Homes in Thayer have sold for 53.7% more than they did a year ago.

Summary: The median home sold price in Thayer was $146,000 in May 2024, up 53.7% from last year, and the median price per square foot was $85.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $20.5K$15.9K
-22.4%
2 $66.9K$96.5K
+44.1%
3 $108.5K$147K
+35.5%
4 $225K$278.5K
+23.8%
5+ $310K$232.2K
-25.1%

Summary: Thayer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.4%, 2 bedroom homes increased by 44.1%, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 25.1%.

Median Sold Price Compared To Nearby Cities

Thayer
+53.7%
Thayer Township
+53.7%

Housing Supply in Thayer, MO

How many homes are available in Thayer, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
35350.0%

Summary: The Thayer real estate market had 35 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 1313
0.0%
3 1413
-7.1%
4 66
0.0%
5+ 11
0.0%

Summary: The Thayer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thayer, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Thayer in May 2024, up by 33.3% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Thayer, MO

How long does it take to sell a home in Thayer, MO?

Average Sale Time

May 2023May 2024CHANGE
98 Days70 Days-28.4%

Summary: Homes in Thayer had an average of 70 days on market in May 2024, down by 28.4% compared to last year.

Breakdown of Home Sale Times

3 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

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

Summary: During May 2024, 8 homes were sold in Thayer; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 10 Days Ago

Newest Listings in Thayer, MO

Nearby Markets to Thayer, MO

What housing markets are near Thayer, MO?