Is Ruth B Rural Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ruth B Rural Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Ruth B Rural Township was a Seller's Market.

Key Takeaway

Ruth B Rural Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ruth B Rural Township, MO

How much do homes in Ruth B Rural Township, MO cost?

Median Sold Price

$359,950

-

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$54,950(+18.0%)

Key Takeaway

Homes in Ruth B Rural Township have sold for 18% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $185K$207.3K
+12.1%
2 $250K$272K
+8.8%
3 $309K$360K
+16.5%
4 $585K$602.5K
+3.0%
5+ $398K$465K
+16.8%

Summary: Ruth B Rural Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 16.8%.

Median Sold Price Compared To Nearby Cities

Ruth B Rural Township
+18.0%
Pine B Township
+3.4%
Ruth B City Township
+3.1%
Kimberling City
-3.5%

Housing Supply in Ruth B Rural Township, MO

How many homes are available in Ruth B Rural Township, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4345+4.7%

Summary: The Ruth B Rural Township real estate market had 45 homes for sale in February 2024, a 4.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 66
0.0%
3 1918
-5.3%
4 911
+22.2%
5+ 89
+12.5%

Summary: The Ruth B Rural Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ruth B Rural Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Ruth B Rural Township in February 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Ruth B Rural Township, MO

How long does it take to sell a home in Ruth B Rural Township, MO?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days45 Days-22.1%

Summary: Homes in Ruth B Rural Township had an average of 45 days on market in Feb 2024, down by 22.1% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ruth B Rural Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in Ruth B Rural Township; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Ruth B Rural Township, MO

Nearby Markets to Ruth B Rural Township, MO

What housing markets are near Ruth B Rural Township, MO?