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 May 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

$193,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,000(+10.3%)

Key Takeaway

Homes in Lemay Township have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Lemay Township was $193,000 in May 2024, up 10.3% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $69.5K$75K
+7.9%
2 $150K$162.9K
+8.6%
3 $220K$231.5K
+5.2%
4 $242K$252.7K
+4.4%
5+ $212.5K$250K
+17.6%

Summary: Lemay Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 17.6%.

Median Sold Price Compared To Nearby Cities

Lemay Township
+10.3%
Concord Township
+6.7%
Green Park
+3.5%
Saint George
-16.1%

Housing Supply in Lemay Township, MO

How many homes are available in Lemay Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
118131+11.0%

Summary: The Lemay Township real estate market had 131 homes for sale in May 2024, a 11.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 65
-16.7%
2 5465
+20.4%
3 4549
+8.9%
4 1110
-9.1%
5+ 22
0.0%

Summary: The Lemay Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
3648+33.3%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

24 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. 50% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Lemay Township in May 2024, up by 33.3% month-over-month. Of the 48 sold homes, 29% were sold under asking, 21% were sold at asking, and 50% 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

May 2023May 2024CHANGE
22 Days17 Days-23.1%

Summary: Homes in Lemay Township had an average of 17 days on market in May 2024, down by 23.1% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 May 2024, 48 homes were sold in Lemay Township; 73% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 2% 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 19 Days Ago

Newest Listings in Lemay Township, MO

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