Is Northwest 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, Northwest Township has remained a Seller's Market.
Key Takeaway
Northwest Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Township, MO
How much do homes in Northwest Township, MO cost?
Median Sold Price
$205,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northwest Township have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Northwest Township was $205,000 in March 2024, up 3.7% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.9K | $58K | +5.6% |
| 2 Bedrooms | $165K | $162.5K | -1.5% |
| 3 Bedrooms | $200K | $205K | +2.5% |
| 4 Bedrooms | $261.7K | $272K | +3.9% |
| 5+ Bedrooms | $305K | $285K | -6.6% |
Summary: Northwest Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.6%, 2 bedroom homes decreased by 1.5%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Bridgeton | $235K | $245K | +4.3% |
| Northwest Township | $197.7K | $205K | +3.7% |
| Airport Township | $130K | $132.2K | +1.7% |
| Hazelwood | $160K | $155K | -3.1% |
Housing Supply in Northwest Township, MO
How many homes are available in Northwest Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 76 | +5.6% |
Summary: The Northwest Township real estate market had 76 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 44 | 43 | -2.3% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northwest Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 28 | +3.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Township, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Northwest Township in March 2024, up by 3.7% month-over-month. Of the 28 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Northwest Township, MO
How long does it take to sell a home in Northwest Township, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 38 Days | -1.9% |
Summary: Homes in Northwest Township had an average of 38 days on market in Mar 2024, down by 1.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Northwest Township; 71% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.