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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buffalo Township is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Buffalo Township, MO

How much do homes in Buffalo Township, MO cost?

Median Sold Price

$164,900

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$11,100(-6.3%)

Key Takeaway

Homes in Buffalo Township have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Buffalo Township was $164,900 in September 2024, down 6.3% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $100K$90K
-10.0%
2 $125K$134.9K
+7.9%
3 $209K$164.9K
-21.1%
4 $266K$227.5K
-14.5%
5+ $360K$340K
-5.6%

Summary: Buffalo Township housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 7.9%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes decreased by 14.5%, and 5+ bedroom homes decreased by 5.6%.

Housing Supply in Buffalo Township, MO

How many homes are available in Buffalo Township, MO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7385+16.4%

Summary: The Buffalo Township real estate market had 85 homes for sale in September 2024, a 16.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 56
+20.0%
2 1722
+29.4%
3 3440
+17.6%
4 1313
0.0%
5+ 44
0.0%

Summary: The Buffalo Township housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
29+350.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buffalo Township, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Buffalo Township in September 2024, up by 350.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Buffalo Township, MO

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

Average Sale Time

Sep 2023Sep 2024CHANGE
27 Days50 Days+85.2%

Summary: Homes in Buffalo Township had an average of 50 days on market in Sep 2024, up by 85.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 9 homes were sold in Buffalo Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 Sep 1, 2024

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