Is Northwest 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, Northwest Township has remained a Seller's Market.
Housing Prices in Northwest Township, MO
How much do homes in Northwest Township, MO cost?
Median Sold Price
$210,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Northwest Township was $210,000 in May 2024, up 5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.9K | $57.5K | +4.7% |
2 Bedrooms | $165K | $161.2K | -2.3% |
3 Bedrooms | $200K | $210K | +5.0% |
4 Bedrooms | $263.2K | $275K | +4.5% |
5+ Bedrooms | $305K | $285K | -6.6% |
Summary: Northwest Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
Bridgeton | $235K | $250K | +6.4% |
Northwest Township | $200K | $210K | +5.0% |
Airport Township | $130.5K | $135K | +3.4% |
Hazelwood | $160.1K | $157.6K | -1.5% |
Housing Supply in Northwest Township, MO
How many homes are available in Northwest Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 101 | +6.3% |
Summary: The Northwest Township real estate market had 101 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 21 | 25 | +19.0% |
3 Bedrooms | 51 | 54 | +5.9% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northwest Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 35 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Northwest Township in May 2024, the same as the previous month. Of the 35 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% were sold over asking.
Days on Market for Northwest Township, MO
How long does it take to sell a home in Northwest Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 13 Days | -12.1% |
Summary: Homes in Northwest Township had an average of 13 days on market in May 2024, down by 12.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Northwest Township; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.