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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Burdine Township is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Burdine Township was a Seller's Market.

Key Takeaway

Burdine Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Burdine Township, MO

How much do homes in Burdine Township, MO cost?

Median Sold Price

$120,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$34,650(-22.3%)

Key Takeaway

Homes in Burdine Township have sold for 22.3% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $61K$90K
+47.5%
3 $155K$116K
-25.2%
4 $334.9K$236K
-29.5%
5+ $385K-
N/A

Summary: Burdine Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.5%, 3 bedroom homes decreased by 25.2%, 4 bedroom homes decreased by 29.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cabool
-12.9%
Burdine Township
-22.3%

Housing Supply in Burdine Township, MO

How many homes are available in Burdine Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1918-5.3%

Summary: The Burdine Township real estate market had 18 homes for sale in May 2024, a 5.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 77
0.0%
4 76
-14.3%
5+ 44
0.0%

Summary: The Burdine Township housing inventory by bedroom type for May 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 decreased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Burdine Township, 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 Burdine Township in May 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Burdine Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
84 Days28 Days-66.3%

Summary: Homes in Burdine Township had an average of 28 days on market in May 2024, down by 66.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 2 homes were sold in Burdine Township; 50% of homes were sold within 30 days, 50% 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 1 Day Ago

Newest Listings in Burdine Township, MO

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