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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing University Township is a seller's market

Buyer's
Market

Difference Since December 2021

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

Key Takeaway

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

How much do homes in University Township, MO cost?

Median Sold Price

$183,360

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2021

+$3,360(+1.9%)

Key Takeaway

Homes in University Township have sold for 1.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSDec 2021Dec 2022%
1 $41K$35K
-14.6%
2 $97.4K$115.2K
+18.3%
3 $240.3K$255K
+6.1%
4 $287.7K$374.5K
+30.1%
5+ $446.2K$950.7K
+113.1%

Median Sold Price Compared To Nearby Cities

University City
+11.2%
University Township
+1.9%

How many homes are available in University Township, MO?

Number of Homes For Sale

Nov 2022Dec 2022%
127106-16.5%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 42
-50.0%
2 5240
-23.1%
3 5348
-9.4%
4 1411
-21.4%
5+ 45
+25.0%

Number of Homes Sold

Nov 2022Dec 2022%
4339-9.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in University Township, you may be able to get a good deal. 51.3% of homes here sold below asking price last month.

Average Sale Time

Dec 2021Dec 2022%
35 Days52 Days+47.2%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About University Township, MO

University Township, MO has 106 homes on the market. The number of homes for sale in University Township, MO decreased by 16.5% between November 2022 and December 2022. The median list price of listings available in December 2022 was $183,360, while the average time on the real estate market was 52 days. Between November 2022 and December 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went down by 14.6%, 2 bedrooms properties became 18.3% more expensive, prices of 3 bedrooms properties increased by 6.1%, 4 bedrooms properties prices increased by 30.1%, prices of 5 bedrooms properties went up by 113.1%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 50%, number of 2 bedrooms homes decreased by 23.1%, number of 3 bedrooms homes decreased by 9.4%, 4 bedrooms homes inventory decreased by 21.4%, number of 5 bedrooms homes increased by 25%. In December 2022, from all listings sold in University Township, MO there were more than 12 sold above asking price, over 20 sold below and more than 7 were sold right at the asked price.

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