Is Spencer Creek 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, Spencer Creek Township has remained a Seller's Market.
Key Takeaway
Spencer Creek Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spencer Creek Township, MO
How much do homes in Spencer Creek Township, MO cost?
Median Sold Price
$280,675
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Spencer Creek Township have sold for 4% more than they did a year ago.
Summary: The median home sold price in Spencer Creek Township was $280,675 in March 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $130K | +6.1% |
| 2 Bedrooms | $170K | $180K | +5.9% |
| 3 Bedrooms | $290K | $300K | +3.4% |
| 4 Bedrooms | $339.9K | $375K | +10.3% |
| 5+ Bedrooms | $316K | $385K | +21.8% |
Summary: Spencer Creek Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Saint Charles | $289.5K | $318.6K | +10.0% |
| Saint Peters Township | $285K | $310K | +8.8% |
| Saint Peters | $279.9K | $296.1K | +5.8% |
| Spencer Creek Township | $270K | $280.6K | +4.0% |
| Zumbehl Township | $307.5K | $315K | +2.4% |
Housing Supply in Spencer Creek Township, MO
How many homes are available in Spencer Creek Township, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The Spencer Creek Township real estate market had 50 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Spencer Creek Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 15 | -21.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spencer Creek Township, you could pay more than the asking price. 40% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Spencer Creek Township in March 2024, down by 21.1% month-over-month. Of the 15 sold homes, 33% were sold under asking, 27% were sold at asking, and 40% were sold over asking.
Days on Market for Spencer Creek Township, MO
How long does it take to sell a home in Spencer Creek Township, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 11 Days | 29 Days | +161.5% |
Summary: Homes in Spencer Creek Township had an average of 29 days on market in Mar 2024, up by 161.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spencer Creek Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 15 homes were sold in Spencer Creek Township; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.