Is Elk River West Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elk River West Township is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Elk River West Township has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Elk River West Township, MO

How much do homes in Elk River West Township, MO cost?

Median Sold Price

$244,500

$128/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$59,500(+32.2%)

Key Takeaway

Homes in Elk River West Township have sold for 32.2% more than they did a month ago.

Summary: The median home sold price in Elk River West Township was $244,500 in April 2024, up 32.2% from last month, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$143.5K
N/A
3 $185K$330K
+78.4%
4 --
N/A
5+ --
N/A

Summary: Elk River West 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 increased by 78.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Elk River West Township
+32.2%
Noel
+32.2%

Housing Supply in Elk River West Township, MO

How many homes are available in Elk River West Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
58+60.0%

Summary: The Elk River West Township real estate market had 8 homes for sale in April 2024, a 60.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 56
+20.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Elk River West 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 increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
16+500.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elk River West Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 6 homes were sold or pending in Elk River West Township in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.

Days on Market for Elk River West Township, MO

How long does it take to sell a home in Elk River West Township, MO?

Average Sale Time

Mar 2024Apr 2024CHANGE
139 Days105 Days-23.9%

Summary: Homes in Elk River West Township had an average of 105 days on market in Apr 2024, down by 23.9% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 6 homes were sold in Elk River West Township; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 18 Days Ago

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