Is Meramec Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Meramec Township has remained a Seller's Market.
Housing Prices in Meramec Township, MO
How much do homes in Meramec Township, MO cost?
Median Sold Price
$408,000
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Meramec Township was $408,000 in June 2024, up 7.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $207.5K | N/A |
2 Bedrooms | $200K | $218K | +9.0% |
3 Bedrooms | $297.2K | $325K | +9.4% |
4 Bedrooms | $445K | $487K | +9.4% |
5+ Bedrooms | $559K | $604K | +8.1% |
Summary: Meramec Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
Ellisville | $337.5K | $389.3K | +15.4% |
Eureka | $380K | $410K | +7.9% |
Meramec Township | $380K | $408K | +7.4% |
Wildwood | $518K | $550K | +6.2% |
Wildhorse Township | $365K | $384.9K | +5.5% |
Housing Supply in Meramec Township, MO
How many homes are available in Meramec Township, MO?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
121 | 129 | +6.6% |
Summary: The Meramec Township real estate market had 129 homes for sale in June 2024, a 6.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 40 | 37 | -7.5% |
4 Bedrooms | 54 | 55 | +1.9% |
5+ Bedrooms | 17 | 23 | +35.3% |
Summary: The Meramec Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
33 | 33 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Meramec Township in June 2024, the same as the previous month. Of the 32 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Meramec Township, MO
How long does it take to sell a home in Meramec Township, MO?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 37 Days | +33.2% |
Summary: Homes in Meramec Township had an average of 37 days on market in Jun 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 33 homes were sold in Meramec Township; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.