Is Buffalo Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Buffalo Township has remained a Seller's Market.
Housing Prices in Buffalo Township, MO
How much do homes in Buffalo Township, MO cost?
Median Sold Price
$162,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buffalo Township was $162,000 in May 2024, down 3.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $37.5K | - | N/A |
2 Bedrooms | $113.2K | $135.9K | +20.0% |
3 Bedrooms | $185K | $174.7K | -5.5% |
4 Bedrooms | $151.5K | $227.5K | +50.2% |
5+ Bedrooms | $360K | $340K | -5.6% |
Summary: Buffalo Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 50.2%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Buffalo Township, MO
How many homes are available in Buffalo Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 70 | +6.1% |
Summary: The Buffalo Township real estate market had 70 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 12 | 12 | 0.0% |
3 Bedrooms | 40 | 39 | -2.5% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Buffalo Township 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 2.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 13 | -13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Buffalo Township in May 2024, down by 13.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Buffalo Township, MO
How long does it take to sell a home in Buffalo Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 44 Days | -8.7% |
Summary: Homes in Buffalo Township had an average of 44 days on market in May 2024, down by 8.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Buffalo Township; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.