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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lemay Township is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Lemay Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Lemay Township, MO cost?

Median Sold Price

$167,500

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$7,500(+4.7%)

Key Takeaway

Homes in Lemay Township have sold for 4.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $65K$72K
+10.8%
2 $137K$143.2K
+4.5%
3 $185.7K$200K
+7.7%
4 $229.9K$225K
-2.1%
5+ $107K$387.5K
+262.1%

Median Sold Price Compared To Nearby Cities

Green Park
+11.3%
Concord Township
+10.5%
Lemay Township
+4.7%
Saint George
-7.7%

How many homes are available in Lemay Township, MO?

Number of Homes For Sale

Aug 2022Sep 2022%
149136-8.7%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 1015
+50.0%
2 6353
-15.9%
3 6560
-7.7%
4 107
-30.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
6144-27.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lemay Township, you could pay more than the asking price. 56.8% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days22 Days+34.0%

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lemay Township, MO

Number of homes for sale in Lemay Township, MO real estate market have reached 136. The inventory of homes for sale in Lemay Township, MO between August 2022 and September 2022 decreased by 8.7%. Listings spent 22 days on the market in September 2022, and had a median list price of $167,500 during the same period. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 10.8%, prices of 2 bedrooms properties increased by 4.5%, 3 bedrooms properties became 7.7% more expensive, prices of 4 bedrooms properties decreased by 2.1%, the cost of 5 bedrooms properties went up by 262.1%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory increased by 50%, 2 bedrooms homes inventory decreased by 15.9%, 3 bedrooms homes became 7.7% less available, 4 bedrooms homes became 30% less available, 5 bedrooms homes inventory did not change. Over 25 listings were sold over their listed price in September 2022 in Lemay Township, MO. In the same period over 14 listings were sold below the listed price and 5 listings were sold for the listed price.

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