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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tesson Ferry Township is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Tesson Ferry Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tesson Ferry Township, MO

How much do homes in Tesson Ferry Township, MO cost?

Median Sold Price

$325,000

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$24,637(+8.2%)

Key Takeaway

Homes in Tesson Ferry Township have sold for 8.2% more than they did a year ago.

Summary: The median home sold price in Tesson Ferry Township was $325,000 in February 2024, up 8.2% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $112K$102K
-8.9%
2 $170K$182K
+7.0%
3 $293.7K$307.5K
+4.7%
4 $380K$430K
+13.2%
5+ $615K$573.5K
-6.7%

Summary: Tesson Ferry Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 6.7%.

Median Sold Price Compared To Nearby Cities

Lemay Township
+10.8%
Tesson Ferry Township
+8.2%
Concord Township
+7.4%
Sunset Hills
+5.7%
Oakville Township
+1.7%

Housing Supply in Tesson Ferry Township, MO

How many homes are available in Tesson Ferry Township, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5467+24.1%

Summary: The Tesson Ferry Township real estate market had 67 homes for sale in February 2024, a 24.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2022
+10.0%
3 2228
+27.3%
4 813
+62.5%
5+ 33
0.0%

Summary: The Tesson Ferry Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2218-18.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tesson Ferry Township, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in Tesson Ferry Township in February 2024, down by 18.2% month-over-month. Of the 18 sold homes, 28% were sold under asking, 17% were sold at asking, and 56% were sold over asking.

Days on Market for Tesson Ferry Township, MO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
34 Days21 Days-37.9%

Summary: Homes in Tesson Ferry Township had an average of 21 days on market in Feb 2024, down by 37.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 18 homes were sold in Tesson Ferry Township; 67% of homes were sold within 30 days, 33% 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 28 Days Ago

Newest Listings in Tesson Ferry Township, MO

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