Is University 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, University Township has remained a Seller's Market.
Key Takeaway
University Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in University Township, MO
How much do homes in University Township, MO cost?
Median Sold Price
$165,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in University Township have sold for 5.7% less than they did a year ago.
Summary: The median home sold price in University Township was $165,000 in May 2024, down 5.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | $40K | +14.3% |
| 2 Bedrooms | $113.2K | $105K | -7.2% |
| 3 Bedrooms | $219.8K | $269K | +22.3% |
| 4 Bedrooms | $373.3K | $315K | -15.6% |
| 5+ Bedrooms | $875K | $315K | -64.0% |
Summary: University Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 22.3%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes decreased by 64%.
Median Sold Price Compared To Nearby Cities
| Pagedale | $53K | $55K | +3.8% |
| University City | $329.8K | $321.5K | -2.5% |
| University Township | $174.9K | $165K | -5.7% |
| Hanley Hills | $99K | $66.7K | -32.6% |
Housing Supply in University Township, MO
How many homes are available in University Township, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 120 | 142 | +18.3% |
Summary: The University Township real estate market had 142 homes for sale in May 2024, a 18.3% 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 | 57 | 65 | +14.0% |
| 3 Bedrooms | 44 | 59 | +34.1% |
| 4 Bedrooms | 16 | 13 | -18.8% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The University 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 14%, 3 bedroom homes increased by 34.1%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 40 | +25.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in University Township, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in University Township in May 2024, up by 25.0% month-over-month. Of the 40 sold homes, 43% were sold under asking, 15% were sold at asking, and 43% were sold over asking.
Days on Market for University Township, MO
How long does it take to sell a home in University Township, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 27 Days | -8.9% |
Summary: Homes in University Township had an average of 27 days on market in May 2024, down by 8.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in University Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 40 homes were sold in University Township; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.