Is Scott Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Scott Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Scott Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Scott Township, MO

How much do homes in Scott Township, MO cost?

Median Sold Price

$290,000

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$35,000(+13.7%)

Key Takeaway

Homes in Scott Township have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $135.9K$132K
-2.9%
2 $216.2K$243K
+12.4%
3 $256.5K$299.9K
+16.9%
4 $362K$360K
-0.6%
5+ $502.7K$425K
-15.5%

Summary: Scott Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 16.9%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 15.5%.

Median Sold Price Compared To Nearby Cities

Scott Township
+13.7%
Hollister
+10.3%
Oliver Township
+7.7%

Housing Supply in Scott Township, MO

How many homes are available in Scott Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4459+34.1%

Summary: The Scott Township real estate market had 59 homes for sale in March 2024, a 34.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1926
+36.8%
3 1319
+46.2%
4 58
+60.0%
5+ 76
-14.3%

Summary: The Scott 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 36.8%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
48+100.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 8 homes were sold or pending in Scott Township in March 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Scott Township, MO

How long does it take to sell a home in Scott Township, MO?

Average Sale Time

Mar 2023Mar 2024CHANGE
63 Days77 Days+20.7%

Summary: Homes in Scott Township had an average of 77 days on market in Mar 2024, up by 20.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Scott Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 8 homes were sold in Scott Township; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 Scott Township, MO

Nearby Markets to Scott Township, MO

What housing markets are near Scott Township, MO?