Is Ashland, 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, Ashland has remained a Seller's Market.
Key Takeaway
Ashland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ashland, MO
How much do homes in Ashland, MO cost?
Median Sold Price
$338,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ashland have sold for 9% more than they did a year ago.
Summary: The median home sold price in Ashland was $338,000 in May 2024, up 9% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $121K | $215K | +77.7% |
| 3 Bedrooms | $296.9K | $322.5K | +8.6% |
| 4 Bedrooms | $439K | $430K | -2.1% |
| 5+ Bedrooms | $525K | $512.5K | -2.4% |
Summary: Ashland 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 77.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Cedar Township | $340K | $374.9K | +10.3% |
| Ashland | $310K | $338K | +9.0% |
| Three Creeks Township | $310K | $329.5K | +6.3% |
Housing Supply in Ashland, MO
How many homes are available in Ashland, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 63 | 45 | -28.6% |
Summary: The Ashland real estate market had 45 homes for sale in May 2024, a 28.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 38 | 28 | -26.3% |
| 4 Bedrooms | 18 | 13 | -27.8% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Ashland housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ashland, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Ashland in May 2024, down by 27.8% month-over-month. Of the 11 sold homes, 27% were sold under asking, 45% were sold at asking, and 27% were sold over asking.
Days on Market for Ashland, MO
How long does it take to sell a home in Ashland, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 81 Days | 26 Days | -67.7% |
Summary: Homes in Ashland had an average of 26 days on market in May 2024, down by 67.7% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Ashland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Ashland; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
