Is Mineral Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral Township is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Mineral Township, MO

How much do homes in Mineral Township, MO cost?

Median Sold Price

$235,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$45,000(+23.7%)

Key Takeaway

Homes in Mineral Township have sold for 23.7% more than they did a year ago.

Summary: The median home sold price in Mineral Township was $235,000 in May 2024, up 23.7% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$69K
N/A
2 $154.7K$110K
-28.9%
3 $179.9K$216K
+20.0%
4 $320K$310K
-3.1%
5+ $331K$527.5K
+59.4%

Summary: Mineral 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 decreased by 28.9%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 59.4%.

Median Sold Price Compared To Nearby Cities

Oronogo
+41.6%
Mineral Township
+23.7%
Carterville
+16.3%

Housing Supply in Mineral Township, MO

How many homes are available in Mineral Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4851+6.3%

Summary: The Mineral Township real estate market had 51 homes for sale in May 2024, a 6.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 33
0.0%
3 2632
+23.1%
4 1813
-27.8%
5+ 11
0.0%

Summary: The Mineral 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 increased by 23.1%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1413-7.1%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral Township, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Mineral Township in May 2024, down by 7.1% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.

Days on Market for Mineral Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
49 Days94 Days+91.3%

Summary: Homes in Mineral Township had an average of 94 days on market in May 2024, up by 91.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mineral Township has remained consistent over time.

Summary: During May 2024, 13 homes were sold in Mineral Township; 8% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 31% 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 1 Day Ago

Newest Listings in Mineral Township, MO

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