Is Lemay 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, Lemay Township has remained a Seller's Market.
Housing Prices in Lemay Township, MO
How much do homes in Lemay Township, MO cost?
Median Sold Price
$193,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lemay Township was $193,000 in May 2024, up 10.3% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.5K | $75K | +7.9% |
2 Bedrooms | $150K | $162.9K | +8.6% |
3 Bedrooms | $220K | $231.5K | +5.2% |
4 Bedrooms | $242K | $252.7K | +4.4% |
5+ Bedrooms | $212.5K | $250K | +17.6% |
Summary: Lemay Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
Lemay Township | $175K | $193K | +10.3% |
Concord Township | $225K | $240K | +6.7% |
Green Park | $240K | $248.5K | +3.5% |
Saint George | $155K | $130K | -16.1% |
Housing Supply in Lemay Township, MO
How many homes are available in Lemay Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
118 | 131 | +11.0% |
Summary: The Lemay Township real estate market had 131 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 54 | 65 | +20.4% |
3 Bedrooms | 45 | 49 | +8.9% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Lemay Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 48 | +33.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Lemay Township in May 2024, up by 33.3% month-over-month. Of the 48 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% were sold over asking.
Days on Market for Lemay Township, MO
How long does it take to sell a home in Lemay Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 17 Days | -23.1% |
Summary: Homes in Lemay Township had an average of 17 days on market in May 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Lemay Township; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.