Is Elk River West Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elk River West Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Elk River West Township has remained a Seller's Market.

Key Takeaway

Elk River West Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Elk River West Township, MO

How much do homes in Elk River West Township, MO cost?

Median Sold Price

$185,000

$106/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$64,500(+53.5%)

Key Takeaway

Homes in Elk River West Township have sold for 53.5% more than they did a month ago.

Summary: The median home sold price in Elk River West Township was $185,000 in March 2024, up 53.5% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $120.5K$185K
+53.5%
4 --
N/A
5+ --
N/A

Summary: Elk River West Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 53.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elk River West Township
+53.5%
Noel
+53.5%

Housing Supply in Elk River West Township, MO

How many homes are available in Elk River West Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
71-85.7%

Summary: The Elk River West Township real estate market had 1 homes for sale in March 2024, a 85.7% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 00
0.0%
3 71
-85.7%
4 00
0.0%
5+ 00
0.0%

Summary: The Elk River West Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 85.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elk River West Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Elk River West Township in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Elk River West Township, MO

How long does it take to sell a home in Elk River West Township, MO?

Average Sale Time

Feb 2024Mar 2024CHANGE
76 Days139 Days+81.7%

Summary: Homes in Elk River West Township had an average of 139 days on market in Mar 2024, up by 81.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Elk River West Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Elk River West Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 26 Days Ago

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