Is Meramec 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, 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
$399,561
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Meramec Township was $399,561 in March 2024, up 6.6% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266K | $207.5K | -22.0% |
2 Bedrooms | $195.2K | $192.9K | -1.2% |
3 Bedrooms | $290K | $332.5K | +14.7% |
4 Bedrooms | $440.7K | $481K | +9.1% |
5+ Bedrooms | $559K | $599K | +7.2% |
Summary: Meramec Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
Ellisville | $340K | $382.4K | +12.5% |
Eureka | $365K | $400K | +9.6% |
Wildhorse Township | $360K | $385K | +6.9% |
Meramec Township | $374.9K | $399.5K | +6.6% |
Wildwood | $517.1K | $530K | +2.5% |
Housing Supply in Meramec Township, MO
How many homes are available in Meramec Township, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
69 | 89 | +29.0% |
Summary: The Meramec Township real estate market had 89 homes for sale in March 2024, a 29.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 6 | 5 | -16.7% |
3 Bedrooms | 26 | 36 | +38.5% |
4 Bedrooms | 28 | 37 | +32.1% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Meramec Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 32.1%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 30 | +15.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Meramec Township in March 2024, up by 15.4% month-over-month. Of the 30 sold homes, 17% were sold under asking, 13% were sold at asking, and 70% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
47 Days | 16 Days | -65.9% |
Summary: Homes in Meramec Township had an average of 16 days on market in Mar 2024, down by 65.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Meramec Township; 70% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.