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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Galloway Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, North Galloway Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in North Galloway Township, MO

How much do homes in North Galloway Township, MO cost?

Median Sold Price

$280,670

-

Based on all homes sold in March 2024.

Difference Since Last Month

-$1,830(-0.6%)

Key Takeaway

Homes in North Galloway Township have sold for 0.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $291.5K$272.8K
-6.4%
4 $282.5K$306.2K
+8.4%
5+ -$447K
N/A

Summary: North Galloway Township housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.4%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes did not change.

Housing Supply in North Galloway Township, MO

How many homes are available in North Galloway Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1918-5.3%

Summary: The North Galloway Township real estate market had 18 homes for sale in March 2024, a 5.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1110
-9.1%
4 64
-33.3%
5+ 13
+200.0%

Summary: The North Galloway Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Galloway Township, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in North Galloway Township in March 2024, up by 50.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% were sold over asking.

Days on Market for North Galloway Township, MO

How long does it take to sell a home in North Galloway Township, MO?

Average Sale Time

Feb 2024Mar 2024CHANGE
52 Days19 Days-62.7%

Summary: Homes in North Galloway Township had an average of 19 days on market in Mar 2024, down by 62.7% compared to last month.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 9 homes were sold in North Galloway Township; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

Newest Listings in North Galloway Township, MO

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What housing markets are near North Galloway Township, MO?