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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Marion Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Northeast Marion Township, MO

How much do homes in Northeast Marion Township, MO cost?

Median Sold Price

$195,000

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$19,500(-9.1%)

Key Takeaway

Homes in Northeast Marion Township have sold for 9.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$100K
N/A
2 $161K$132K
-18.0%
3 $210.4K$198K
-5.9%
4 $269.9K$344.9K
+27.8%
5+ $365K$359.3K
-1.6%

Summary: Northeast Marion Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Cities

Southeast Marion Township
+12.5%
Bolivar
+6.8%
Northeast Marion Township
-9.1%
Northwest Marion Township
-10.3%

Housing Supply in Northeast Marion Township, MO

How many homes are available in Northeast Marion Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3029-3.3%

Summary: The Northeast Marion Township real estate market had 29 homes for sale in March 2024, a 3.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1013
+30.0%
4 1310
-23.1%
5+ 65
-16.7%

Summary: The Northeast Marion 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 increased by 30%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Marion Township, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Northeast Marion Township in March 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Northeast Marion Township, MO

How long does it take to sell a home in Northeast Marion Township, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
47 Days91 Days+92.8%

Summary: Homes in Northeast Marion Township had an average of 91 days on market in Mar 2024, up by 92.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Northeast Marion Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 9 homes were sold in Northeast Marion Township; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% 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 26 Days Ago

Newest Listings in Northeast Marion Township, MO

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What housing markets are near Northeast Marion Township, MO?