Is Normandy 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, Normandy Township has remained a Seller's Market.
Key Takeaway
Normandy Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Normandy Township, MO
How much do homes in Normandy Township, MO cost?
Median Sold Price
$65,500
$68/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Normandy Township have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in Normandy Township was $65,500 in May 2024, down 6.7% from last year, and the median price per square foot was $68.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $27.7K | -30.6% |
| 2 Bedrooms | $57K | $55K | -3.5% |
| 3 Bedrooms | $101.3K | $79K | -22.0% |
| 4 Bedrooms | $130K | $101.7K | -21.7% |
| 5+ Bedrooms | $109.8K | $280K | +155.0% |
Summary: Normandy Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 30.6%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 22%, 4 bedroom homes decreased by 21.7%, and 5+ bedroom homes increased by 155%.
Median Sold Price Compared To Nearby Cities
| Pasadena Hills | $300K | $350K | +16.7% |
| Normandy Township | $70.1K | $65.5K | -6.7% |
| Normandy | $95K | $80K | -15.8% |
Housing Supply in Normandy Township, MO
How many homes are available in Normandy Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 111 | 117 | +5.4% |
Summary: The Normandy Township real estate market had 117 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 58 | 60 | +3.4% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Normandy 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 increased by 3.4%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 27 | -38.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Normandy Township, you may be able to get a good deal. 70.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Normandy Township in May 2024, down by 38.6% month-over-month. Of the 27 sold homes, 70% were sold under asking, 15% were sold at asking, and 15% were sold over asking.
Days on Market for Normandy Township, MO
How long does it take to sell a home in Normandy Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 39 Days | +47.6% |
Summary: Homes in Normandy Township had an average of 39 days on market in May 2024, up by 47.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Normandy Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Normandy Township; 48% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.