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

Housing Market Conditions

Neutral
Market

Seller's
Market

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

Buyer's
Market

Difference Since March 2023

Since last year, Ruth C Rural Township has remained a Buyer's Market.

Key Takeaway

Ruth C 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 C Rural Township, MO

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

Median Sold Price

$275,900

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$45,100(-14.0%)

Key Takeaway

Homes in Ruth C Rural Township have sold for 14% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $80K$69K
-13.8%
2 $285K$268K
-6.0%
3 $479.9K$382K
-20.4%
4 $589K$492.5K
-16.4%
5+ $698.7K$777K
+11.2%

Summary: Ruth C Rural Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 20.4%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 11.2%.

Median Sold Price Compared To Nearby Cities

Ruth C Township
+14.6%
Sunset Cove Township
-9.5%
Ruth C Rural Township
-14.0%
Indian Point
-14.0%

Housing Supply in Ruth C Rural Township, MO

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3743+16.2%

Summary: The Ruth C Rural Township real estate market had 43 homes for sale in March 2024, a 16.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 2123
+9.5%
3 68
+33.3%
4 33
0.0%
5+ 45
+25.0%

Summary: The Ruth C Rural Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ruth C Rural Township, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Ruth C Rural Township in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Ruth C Rural Township, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
131 Days61 Days-53.2%

Summary: Homes in Ruth C Rural Township had an average of 61 days on market in Mar 2024, down by 53.2% 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 C Rural Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Ruth C 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 25 Days Ago

Newest Listings in Ruth C Rural Township, MO

Nearby Markets to Ruth C Rural Township, MO

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