Is Spanish Lake Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Spanish Lake Township has remained a Seller's Market.
Key Takeaway
Spanish Lake Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spanish Lake Township, MO
How much do homes in Spanish Lake Township, MO cost?
Median Sold Price
$179,633
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Spanish Lake Township have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Spanish Lake Township was $179,633 in November 2023, down 7.6% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $129K | +24.6% |
| 2 Bedrooms | $112.5K | $110K | -2.2% |
| 3 Bedrooms | $190K | $169.9K | -10.6% |
| 4 Bedrooms | $233K | $239.9K | +3.0% |
| 5+ Bedrooms | $302.5K | $250K | -17.4% |
Summary: Spanish Lake Township housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 17.4%.
Median Sold Price Compared To Nearby Cities
| Florissant | $166.5K | $171.3K | +2.9% |
| Black Jack | $197.5K | $200K | +1.3% |
| Ferguson Township | $126.5K | $122.5K | -3.1% |
| Spanish Lake Township | $194.4K | $179.6K | -7.6% |
| Saint Ferdinand Township | $84.2K | $74.9K | -11.0% |
Housing Supply in Spanish Lake Township, MO
How many homes are available in Spanish Lake Township, MO?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 166 | 139 | -16.3% |
Summary: The Spanish Lake Township real estate market had 139 homes for sale in November 2023, a 16.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 15 | +36.4% |
| 3 Bedrooms | 101 | 78 | -22.8% |
| 4 Bedrooms | 48 | 43 | -10.4% |
| 5+ Bedrooms | 6 | 3 | -50.0% |
Summary: The Spanish Lake Township housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 22.8%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 51 | 32 | -37.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spanish Lake Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Spanish Lake Township in November 2023, down by 37.3% month-over-month. Of the 32 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.
Days on Market for Spanish Lake Township, MO
How long does it take to sell a home in Spanish Lake Township, MO?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +3.8% |
Summary: Homes in Spanish Lake Township had an average of 32 days on market in Nov 2023, up by 3.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spanish Lake Township are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 32 homes were sold in Spanish Lake Township; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.