Is Spanish Lake 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, Spanish Lake Township has remained a Seller's Market.
Housing Prices in Spanish Lake Township, MO
How much do homes in Spanish Lake Township, MO cost?
Median Sold Price
$177,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spanish Lake Township was $177,000 in May 2024, down 9.4% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $60.3K | -50.7% |
2 Bedrooms | $114.5K | $121.7K | +6.3% |
3 Bedrooms | $187K | $164.5K | -12.0% |
4 Bedrooms | $235K | $239.2K | +1.8% |
5+ Bedrooms | $250K | $302.5K | +21.0% |
Summary: Spanish Lake Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 50.7%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 21%.
Median Sold Price Compared To Nearby Cities
Black Jack | $198.9K | $203K | +2.0% |
Florissant | $175K | $172.2K | -1.6% |
Spanish Lake Township | $195.2K | $177K | -9.4% |
Saint Ferdinand Township | $85.8K | $77.7K | -9.5% |
Ferguson Township | $132.6K | $112.6K | -15.1% |
Housing Supply in Spanish Lake Township, MO
How many homes are available in Spanish Lake Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 136 | +3.0% |
Summary: The Spanish Lake Township real estate market had 136 homes for sale in May 2024, a 3.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 15 | 19 | +26.7% |
3 Bedrooms | 87 | 87 | 0.0% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Spanish Lake 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 increased by 26.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 26 | -10.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Spanish Lake Township in May 2024, down by 10.3% month-over-month. Of the 26 sold homes, 46% were sold under asking, 15% were sold at asking, and 38% were sold over asking.
Days on Market for Spanish Lake Township, MO
How long does it take to sell a home in Spanish Lake Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 38 Days | +61.3% |
Summary: Homes in Spanish Lake Township had an average of 38 days on market in May 2024, up by 61.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Spanish Lake Township; 54% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.