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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparta Township is a neutral's market

Buyer's
Market

Difference Since March 2023

Since last year, Sparta Township has remained a Neutral Market.

Key Takeaway

Sparta Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sparta Township, MO

How much do homes in Sparta Township, MO cost?

Median Sold Price

$220,000

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+10.0%)

Key Takeaway

Homes in Sparta Township have sold for 10% more than they did a year ago.

Summary: The median home sold price in Sparta Township was $220,000 in March 2024, up 10% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$220K
N/A
2 $170K$150K
-11.8%
3 $200.2K$207.9K
+3.8%
4 $265.5K$295K
+11.1%
5+ $690K$578K
-16.2%

Summary: Sparta Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 16.2%.

Median Sold Price Compared To Nearby Cities

Sparta Township
+10.0%
Sparta
+9.9%

Housing Supply in Sparta Township, MO

How many homes are available in Sparta Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1213+8.3%

Summary: The Sparta Township real estate market had 13 homes for sale in March 2024, a 8.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 56
+20.0%
4 11
0.0%
5+ 33
0.0%

Summary: The Sparta 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparta Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sparta Township in March 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Sparta Township, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days14 Days-68.9%

Summary: Homes in Sparta Township had an average of 14 days on market in Mar 2024, down by 68.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Sparta Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

Newest Listings in Sparta Township, MO

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