Is Northwoods, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwoods is a seller's market

Buyer's
Market

Difference Since May 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

$75,000

$55/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,495(+2.0%)

Key Takeaway

Homes in Northwoods have sold for 2% more than they did a year ago.

Summary: The median home sold price in Northwoods was $75,000 in May 2024, up 2% from last year, and the median price per square foot was $55.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $70K$53K
-24.3%
3 $81K$110.5K
+36.4%
4 $135K$100K
-25.9%
5+ $109.8K-
N/A

Summary: Northwoods housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.3%, 3 bedroom homes increased by 36.4%, 4 bedroom homes decreased by 25.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pasadena Hills
+16.7%
Pine Lawn
+12.9%
Northwoods
+2.0%
Normandy Township
-6.7%

Housing Supply in Northwoods, MO

How many homes are available in Northwoods, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2324+4.3%

Summary: The Northwoods real estate market had 24 homes for sale in May 2024, a 4.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1412
-14.3%
3 69
+50.0%
4 32
-33.3%
5+ 01
+100.0%

Summary: The Northwoods housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwoods, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Northwoods in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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

May 2023May 2024CHANGE
9 Days35 Days+289.4%

Summary: Homes in Northwoods had an average of 35 days on market in May 2024, up by 289.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northwoods has remained consistent over time.

Summary: During May 2024, 5 homes were sold in Northwoods; 40% of homes were sold within 30 days, 60% 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 19 Days Ago

Newest Listings in Northwoods, MO

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