Is Bourbon Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Bourbon Township has remained a Seller's Market.
Key Takeaway
Bourbon Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bourbon Township, MO
How much do homes in Bourbon Township, MO cost?
Median Sold Price
$215,000
$210/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Bourbon Township have sold for 25.8% less than they did a month ago.
Summary: The median home sold price in Bourbon Township was $215,000 in April 2024, down 25.8% from last month, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $211.2K | N/A |
| 3 Bedrooms | $329K | $232.5K | -29.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $250.5K | - | N/A |
Summary: Bourbon Township 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 29.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sturgeon | $250.5K | $220K | -12.2% |
| Bourbon Township | $289.7K | $215K | -25.8% |
| Clark | $329K | $120K | -63.5% |
Housing Supply in Bourbon Township, MO
How many homes are available in Bourbon Township, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Summary: The Bourbon Township real estate market had 15 homes for sale in April 2024, a 7.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Bourbon Township 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 increased by 100%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Bourbon Township, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Bourbon Township in April 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Bourbon Township, MO
How long does it take to sell a home in Bourbon Township, MO?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 Days | 29 Days | -63.5% |
Summary: Homes in Bourbon Township had an average of 29 days on market in Apr 2024, down by 63.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Bourbon Township has remained consistent over time.
Summary: During April 2024, 3 homes were sold in Bourbon Township; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.