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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Scott Township was a Seller's Market.

Key Takeaway

Scott Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Scott Township, MO

How much do homes in Scott Township, MO cost?

Median Sold Price

$278,725

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$23,645(+9.3%)

Key Takeaway

Homes in Scott Township have sold for 9.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $147.4K$132K
-10.5%
2 $222.5K$235K
+5.6%
3 $262.5K$255K
-2.9%
4 $357.5K$367K
+2.7%
5+ $490.2K$432.5K
-11.8%

Summary: Scott Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 11.8%.

Median Sold Price Compared To Nearby Cities

Oliver Township
+13.5%
Hollister
+11.9%
Scott Township
+9.3%
Kirbyville
+2.6%

Housing Supply in Scott Township, MO

How many homes are available in Scott Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
65650.0%

Summary: The Scott Township real estate market had 65 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 3230
-6.3%
3 1818
0.0%
4 1111
0.0%
5+ 46
+50.0%

Summary: The Scott 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 decreased by 6.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Apr 2024May 2024CHANGE
128-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Scott Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Scott Township in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Scott Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
17 Days72 Days+316.7%

Summary: Homes in Scott Township had an average of 72 days on market in May 2024, up by 316.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Scott Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 8 homes were sold in Scott Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 Scott Township, MO

Nearby Markets to Scott Township, MO

What housing markets are near Scott Township, MO?