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 June 2023

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.

Housing Prices in Lemay Township, MO

How much do homes in Lemay Township, MO cost?

Median Sold Price

$190,142

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$15,142(+8.7%)

Key Takeaway

Homes in Lemay Township have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Lemay Township was $190,142 in June 2024, up 8.7% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $64.9K$76.5K
+17.9%
2 $150K$162.6K
+8.4%
3 $225K$229.9K
+2.2%
4 $242K$252.5K
+4.3%
5+ $175K$250K
+42.9%

Summary: Lemay Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 42.9%.

Median Sold Price Compared To Nearby Cities

Lemay Township
+8.7%
Concord Township
+7.3%
Green Park
+2.1%
Saint George
-17.2%

Housing Supply in Lemay Township, MO

How many homes are available in Lemay Township, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
127124-2.4%

Summary: The Lemay Township real estate market had 124 homes for sale in June 2024, a 2.4% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 56
+20.0%
2 6355
-12.7%
3 4749
+4.3%
4 1012
+20.0%
5+ 22
0.0%

Summary: The Lemay Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 12.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
5035-30.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

16 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. 45.7% of homes here sold above asking price last month.

Summary: A total of 35 homes were sold or pending in Lemay Township in June 2024, down by 30.0% month-over-month. Of the 35 sold homes, 43% were sold under asking, 11% were sold at asking, and 46% were sold over asking.

Days on Market for Lemay Township, MO

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

Average Sale Time

Jun 2023Jun 2024CHANGE
15 Days28 Days+81.6%

Summary: Homes in Lemay Township had an average of 28 days on market in Jun 2024, up by 81.6% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

3 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.

Summary: During June 2024, 35 homes were sold in Lemay Township; 71% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% 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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Newest Listings in Lemay Township, MO

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 07/01/2022 - 07/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/26/2024, 9:23:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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