Is Northwoods, 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, Northwoods has remained a Seller's Market.
Key Takeaway
Northwoods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwoods, MO
How much do homes in Northwoods, MO cost?
Median Sold Price
$65,603
$56/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northwoods have sold for 22.8% less than they did a year ago.
Summary: The median home sold price in Northwoods was $65,603 in March 2024, down 22.8% from last year, and the median price per square foot was $56.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $69.9K | $52.8K | -24.4% |
| 3 Bedrooms | $85K | $84.9K | -0.1% |
| 4 Bedrooms | $109K | $100K | -8.3% |
| 5+ Bedrooms | $109.8K | - | N/A |
Summary: Northwoods 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 24.4%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pine Lawn | $36K | $45K | +25.0% |
| Normandy Township | $71.3K | $65K | -8.9% |
| Northwoods | $85K | $65.6K | -22.8% |
Housing Supply in Northwoods, MO
How many homes are available in Northwoods, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 27 | +12.5% |
Summary: The Northwoods real estate market had 27 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 17 | +21.4% |
| 3 Bedrooms | 8 | 8 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northwoods 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 increased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 10 | +233.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwoods, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Northwoods in March 2024, up by 233.3% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Northwoods, MO
How long does it take to sell a home in Northwoods, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 56 Days | +100.0% |
Summary: Homes in Northwoods had an average of 56 days on market in Mar 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northwoods has remained consistent over time.
Summary: During March 2024, 10 homes were sold in Northwoods; 30% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.