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 January 2022

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.

How much do homes in Meramec Township, MO cost?

Median Sold Price

$374,976

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2022

+$24,529(+7.0%)

Key Takeaway

Homes in Meramec Township have sold for 7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJan 2022Jan 2023%
1 -$266K
N/A
2 $200.1K$200K
0%
3 $275K$290K
+5.5%
4 $405K$450K
+11.1%
5+ $528.5K$555K
+5.0%

Median Sold Price Compared To Nearby Cities

Wildhorse Township
+10.6%
Wildwood
+9.5%
Meramec Township
+7.0%
Eureka
+6.7%
Ellisville
+3.8%

How many homes are available in Meramec Township, MO?

Number of Homes For Sale

Dec 2022Jan 2023%
8676-11.6%

Homes For Sale By Bedroom Count

# BEDSDec 2022Jan 2023%
1 00
0.0%
2 45
+25.0%
3 4136
-12.2%
4 2924
-17.2%
5+ 1211
-8.3%

Number of Homes Sold

Dec 2022Jan 2023%
2920-31.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 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. 40% of homes here sold above asking price last month.

Average Sale Time

Jan 2022Jan 2023%
25 Days44 Days+71.6%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Meramec Township, MO

Homes for sale in Meramec Township, MO have reached 76. The inventory of homes for sale in Meramec Township, MO between December 2022 and January 2023 decreased by 11.6%. In January 2023 median list price was $374,976 and the average listing age was 44 days. From December 2022 through January 2023, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties did not move, prices of 3 bedrooms properties went up by 5.5%, 4 bedrooms properties became 11.1% more expensive, the cost of 5 bedrooms properties went up by 5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, the quantity of 2 bedrooms homes went up by 25%, number of 3 bedrooms homes decreased by 12.2%, 4 bedrooms homes inventory decreased by 17.2%, number of 5 bedrooms homes decreased by 8.3%. In January 2023, from all listings sold in Meramec Township, MO there were more than 8 sold above asking price, over 7 sold below and more than 5 were sold right at the asked price.

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