Is Northwoods, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$80,000
$57/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Northwoods have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Northwoods was $80,000 in June 2024, up 14.3% from last year, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $55K | -21.4% |
| 3 Bedrooms | $75K | $122K | +62.7% |
| 4 Bedrooms | $94.9K | $102.5K | +8.0% |
| 5+ Bedrooms | $109.8K | $185K | +68.5% |
Summary: Northwoods housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.4%, 3 bedroom homes increased by 62.7%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 68.5%.
Median Sold Price Compared To Nearby Cities
| Northwoods | $70K | $80K | +14.3% |
| Pine Lawn | $43K | $48.5K | +12.9% |
| Normandy Township | $69.9K | $67.3K | -3.6% |
Housing Supply in Northwoods, MO
How many homes are available in Northwoods, MO?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Northwoods real estate market had 23 homes for sale in June 2024, a 4.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northwoods housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwoods, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Northwoods in June 2024, down by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 25% were sold at asking, and 75% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 35 Days | +72.8% |
Summary: Homes in Northwoods had an average of 35 days on market in Jun 2024, up by 72.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwoods are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Northwoods; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.