Is Meramec Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Meramec Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Meramec Township has remained a Seller's Market.

Key Takeaway

Meramec Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Meramec Township, MO

How much do homes in Meramec Township, MO cost?

Median Sold Price

$406,500

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,520(+8.4%)

Key Takeaway

Homes in Meramec Township have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Meramec Township was $406,500 in May 2024, up 8.4% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$207.5K
N/A
2 $202.5K$207.5K
+2.5%
3 $297.5K$330K
+10.9%
4 $440.7K$480K
+8.9%
5+ $559K$599K
+7.2%

Summary: Meramec Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Cities

Ellisville
+14.9%
Meramec Township
+8.4%
Eureka
+6.9%
Wildhorse Township
+5.6%
Wildwood
+2.9%

Housing Supply in Meramec Township, MO

How many homes are available in Meramec Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
103121+17.5%

Summary: The Meramec Township real estate market had 121 homes for sale in May 2024, a 17.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 78
+14.3%
3 4039
-2.5%
4 4454
+22.7%
5+ 1018
+80.0%

Summary: The Meramec Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 22.7%, and 5+ bedroom homes increased by 80%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3830-21.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Meramec Township, you could pay more than the asking price. 56.7% of homes here sold above asking price last month.

Summary: A total of 30 homes were sold or pending in Meramec Township in May 2024, down by 21.1% month-over-month. Of the 30 sold homes, 33% were sold under asking, 10% were sold at asking, and 57% 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

May 2023May 2024CHANGE
20 Days15 Days-24.1%

Summary: Homes in Meramec Township had an average of 15 days on market in May 2024, down by 24.1% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Meramec Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Meramec Township; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% 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 Meramec Township, MO

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