Is Tecumseh, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tecumseh is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Tecumseh has remained a Seller's Market.

Key Takeaway

Tecumseh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tecumseh, MO

How much do homes in Tecumseh, MO cost?

Median Sold Price

$192,000

-

Based on all homes sold in April 2024.

Difference Since Last Month

-$118,500(-38.2%)

Key Takeaway

Homes in Tecumseh have sold for 38.2% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $251K$192K
-23.5%
4 --
N/A
5+ $370K-
N/A

Summary: Tecumseh housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 23.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Tecumseh, MO

How many homes are available in Tecumseh, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
770.0%

Summary: The Tecumseh real estate market had 7 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 00
0.0%
3 55
0.0%
4 01
+100.0%
5+ 10
-100.0%

Summary: The Tecumseh housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tecumseh, 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 Tecumseh in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Tecumseh, MO

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

Average Sale Time

Mar 2024Apr 2024CHANGE
143 Days81 Days-43.6%

Summary: Homes in Tecumseh had an average of 81 days on market in Apr 2024, down by 43.6% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tecumseh has remained consistent over time.

Summary: During April 2024, 2 homes were sold in Tecumseh; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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 9 Days Ago

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