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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Twin Groves Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Twin Groves Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Twin Groves Township, MO

How much do homes in Twin Groves Township, MO cost?

Median Sold Price

$231,000

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$5,750(-2.4%)

Key Takeaway

Homes in Twin Groves Township have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in Twin Groves Township was $231,000 in March 2024, down 2.4% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $85.7K$99K
+15.5%
3 $225K$226.2K
+0.6%
4 $290K$325K
+12.1%
5+ $259.2K$350.5K
+35.2%

Summary: Twin Groves 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 increased by 15.5%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 35.2%.

Median Sold Price Compared To Nearby Cities

Mineral Township
+22.2%
Twin Groves Township
-2.4%
Carl Junction
-4.5%

Housing Supply in Twin Groves Township, MO

How many homes are available in Twin Groves Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3331-6.1%

Summary: The Twin Groves Township real estate market had 31 homes for sale in March 2024, a 6.1% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 1612
-25.0%
4 98
-11.1%
5+ 56
+20.0%

Summary: The Twin Groves 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 increased by 66.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
67+16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Twin Groves Township, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Twin Groves Township in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 0% were sold at asking, and 43% were sold over asking.

Days on Market for Twin Groves Township, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days44 Days-12.7%

Summary: Homes in Twin Groves Township had an average of 44 days on market in Mar 2024, down by 12.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Twin Groves Township has remained consistent over time.

Summary: During March 2024, 7 homes were sold in Twin Groves Township; 29% of homes were sold within 30 days, 71% 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 24 Days Ago

Newest Listings in Twin Groves Township, MO

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