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 March 2023
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
$175,350
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spanish Lake Township have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Spanish Lake Township was $175,350 in March 2024, down 11.9% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103.5K | $129K | +24.6% |
| 2 Bedrooms | $111.2K | $119.4K | +7.4% |
| 3 Bedrooms | $188.7K | $165.6K | -12.2% |
| 4 Bedrooms | $234K | $239.9K | +2.5% |
| 5+ Bedrooms | $275K | $290K | +5.5% |
Summary: Spanish Lake Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.6%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Black Jack | $197.5K | $200.4K | +1.5% |
| Florissant | $172K | $170K | -1.2% |
| Saint Ferdinand Township | $83.7K | $76.1K | -9.1% |
| Ferguson Township | $135K | $119.9K | -11.2% |
| Spanish Lake Township | $199K | $175.3K | -11.9% |
Housing Supply in Spanish Lake Township, MO
How many homes are available in Spanish Lake Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 134 | 132 | -1.5% |
Summary: The Spanish Lake Township real estate market had 132 homes for sale in March 2024, a 1.5% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 91 | 91 | 0.0% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Spanish Lake 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 24%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 28 | -22.2% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
9 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. 46.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Spanish Lake Township in March 2024, down by 22.2% month-over-month. Of the 28 sold homes, 46% were sold under asking, 21% were sold at asking, and 32% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 47 Days | +51.5% |
Summary: Homes in Spanish Lake Township had an average of 47 days on market in Mar 2024, up by 51.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 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 March 2024, 28 homes were sold in Spanish Lake Township; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.