Is Salt River Township, 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, Salt River Township has remained a Seller's Market.
Key Takeaway
Salt River Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Salt River Township, MO
How much do homes in Salt River Township, MO cost?
Median Sold Price
$150,318
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Salt River Township have sold for 3% less than they did a year ago.
Summary: The median home sold price in Salt River Township was $150,318 in March 2024, down 3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90.8K | $120.2K | +32.4% |
| 3 Bedrooms | $180K | $157.9K | -12.3% |
| 4 Bedrooms | $169K | $85K | -49.7% |
| 5+ Bedrooms | $280K | $400K | +42.9% |
Summary: Salt River Township 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 increased by 32.4%, 3 bedroom homes decreased by 12.3%, 4 bedroom homes decreased by 49.7%, and 5+ bedroom homes increased by 42.9%.
Median Sold Price Compared To Nearby Cities
| South Fork Township | $126K | $145.5K | +15.5% |
| Mexico | $140K | $147.8K | +5.6% |
| Salt River Township | $155K | $150.3K | -3.0% |
Housing Supply in Salt River Township, MO
How many homes are available in Salt River Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 25 | +25.0% |
Summary: The Salt River Township real estate market had 25 homes for sale in March 2024, a 25.0% 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 | 8 | 11 | +37.5% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Salt River Township 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 37.5%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 5 | +100.0% |
Asking Price vs. Sold Price
5 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 Salt River Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Salt River Township in March 2024, up by 100.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Salt River Township, MO
How long does it take to sell a home in Salt River Township, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 25 Days | 8 Days | -64.8% |
Summary: Homes in Salt River Township had an average of 8 days on market in Mar 2024, down by 64.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Salt River Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Salt River Township; 100% of homes were sold within 30 days, 0% 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.