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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Southwest Marion Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Southwest Marion Township has remained a Seller's Market.

Key Takeaway

Southwest Marion Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Southwest Marion Township, MO

How much do homes in Southwest Marion Township, MO cost?

Median Sold Price

$252,500

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$28,750(+12.8%)

Key Takeaway

Homes in Southwest Marion Township have sold for 12.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$190K
N/A
2 $65K$145K
+123.1%
3 $221.1K$255K
+15.3%
4 $302.5K$241.2K
-20.3%
5+ $285K$408.5K
+43.3%

Summary: Southwest Marion Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 123.1%, 3 bedroom homes increased by 15.3%, 4 bedroom homes decreased by 20.3%, and 5+ bedroom homes increased by 43.3%.

Median Sold Price Compared To Nearby Cities

Southwest Marion Township
+12.8%
Southeast Marion Township
+10.1%
Bolivar
+9.2%
Northwest Marion Township
-6.1%

Housing Supply in Southwest Marion Township, MO

How many homes are available in Southwest Marion Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1720+17.6%

Summary: The Southwest Marion Township real estate market had 20 homes for sale in April 2024, a 17.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1116
+45.5%
4 32
-33.3%
5+ 21
-50.0%

Summary: The Southwest Marion Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 45.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Southwest Marion Township, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Summary: A total of 5 homes were sold or pending in Southwest Marion Township in April 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.

Days on Market for Southwest Marion Township, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
62 Days30 Days-50.8%

Summary: Homes in Southwest Marion Township had an average of 30 days on market in Apr 2024, down by 50.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Southwest Marion Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 5 homes were sold in Southwest Marion Township; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 10 Days Ago

Newest Listings in Southwest Marion Township, MO

Nearby Markets to Southwest Marion Township, MO

What housing markets are near Southwest Marion Township, MO?