Is Boone 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, Boone Township has remained a Seller's Market.
Key Takeaway
Boone Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Boone Township, MO
How much do homes in Boone Township, MO cost?
Median Sold Price
$410,838
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Boone Township have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Boone Township was $410,838 in May 2024, up 3.2% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $239K | +36.6% |
| 2 Bedrooms | $224.7K | $245K | +9.0% |
| 3 Bedrooms | $335.1K | $355K | +5.9% |
| 4 Bedrooms | $450.5K | $480.1K | +6.6% |
| 5+ Bedrooms | $662.5K | $610K | -7.9% |
Summary: Boone Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 7.9%.
Median Sold Price Compared To Nearby Cities
| Dardenne Prairie | $413.7K | $450K | +8.8% |
| Boone Township | $397.9K | $410.8K | +3.2% |
| Lake Saint Louis | $359K | $360.5K | 0.4% |
| Defiance | $670K | $650K | -3.0% |
Housing Supply in Boone Township, MO
How many homes are available in Boone Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 227 | 249 | +9.7% |
Summary: The Boone Township real estate market had 249 homes for sale in May 2024, a 9.7% increase 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 | 33 | 36 | +9.1% |
| 3 Bedrooms | 84 | 92 | +9.5% |
| 4 Bedrooms | 82 | 88 | +7.3% |
| 5+ Bedrooms | 28 | 33 | +17.9% |
Summary: The Boone Township 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 increased by 9.1%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 72 | +5.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Boone Township, you could pay more than the asking price. 43.1% of homes here sold above asking price last month.
Summary: A total of 72 homes were sold or pending in Boone Township in May 2024, up by 5.9% month-over-month. Of the 72 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.
Days on Market for Boone Township, MO
How long does it take to sell a home in Boone Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 36 Days | +33.8% |
Summary: Homes in Boone Township had an average of 36 days on market in May 2024, up by 33.8% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Boone Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 72 homes were sold in Boone Township; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.