Is Lemay Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$190,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lemay Township have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Lemay Township was $190,000 in March 2024, up 9.7% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $72K | $76.5K | +6.3% |
| 2 Bedrooms | $147.9K | $162K | +9.5% |
| 3 Bedrooms | $225K | $226.7K | +0.8% |
| 4 Bedrooms | $239.7K | $250K | +4.3% |
| 5+ Bedrooms | $250K | $270K | +8.0% |
Summary: Lemay Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 8%.
Median Sold Price Compared To Nearby Cities
| Bella Villa | $180K | $215.8K | +19.9% |
| Lemay Township | $173.1K | $190K | +9.7% |
| Concord Township | $225K | $240.2K | +6.8% |
| Green Park | $240K | $247K | +2.9% |
| Saint George | $154.5K | $135K | -12.6% |
Housing Supply in Lemay Township, MO
How many homes are available in Lemay Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 113 | +2.7% |
Summary: The Lemay Township real estate market had 113 homes for sale in March 2024, a 2.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 52 | 59 | +13.5% |
| 3 Bedrooms | 41 | 38 | -7.3% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lemay Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lemay Township, you could pay more than the asking price. 51.3% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Lemay Township in March 2024, up by 11.4% month-over-month. Of the 39 sold homes, 36% were sold under asking, 13% were sold at asking, and 51% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 16 Days | -56.4% |
Summary: Homes in Lemay Township had an average of 16 days on market in Mar 2024, down by 56.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lemay Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 39 homes were sold in Lemay Township; 79% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.