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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Spanish Lake Township is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Spanish Lake Township, MO cost?

Median Sold Price

$194,450

$98/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$19,450(+11.1%)

Key Takeaway

Homes in Spanish Lake Township have sold for 11.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $64.5K$103.5K
+60.5%
2 $92.5K$114.9K
+24.2%
3 $166K$190K
+14.5%
4 $215K$231.5K
+7.7%
5+ $227K$302.5K
+33.3%

Median Sold Price Compared To Nearby Cities

Saint Ferdinand Township
+20.6%
Ferguson Township
+16.4%
Florissant
+14.3%
Black Jack
+13.5%
Spanish Lake Township
+11.1%

How many homes are available in Spanish Lake Township, MO?

Number of Homes For Sale

Oct 2022Nov 2022%
105101-3.8%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 1712
-29.4%
3 5454
0.0%
4 2827
-3.6%
5+ 68
+33.3%

Number of Homes Sold

Oct 2022Nov 2022%
3920-48.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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.

Average Sale Time

Nov 2021Nov 2022%
21 Days31 Days+48.5%

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Spanish Lake Township, MO

Spanish Lake Township, MO has 101 homes on the market. Between October 2022 and November 2022, Spanish Lake Township, MO real estate market has seen decrease in the number of listings by 3.8%. Listings spent 31 days on the market in November 2022, and had a median list price of $194,450 during the same period. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 60.5%, the cost of 2 bedrooms properties went up by 24.2%, 3 bedrooms properties prices increased by 14.5%, the cost of 4 bedrooms properties went up by 7.7%, the cost of 5 bedrooms properties went up by 33.3%. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes inventory decreased by 29.4%, 3 bedrooms homes inventory did not change, the quantity of 4 bedrooms homes went down by 3.6%, the quantity of 5 bedrooms homes went up by 33.3%. Spanish Lake Township, MO housing market in November 2022 saw over 7 listings sold above listed price, more than 3 sold at listed price and over 10 sold below.

Related Housing Market Reports