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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Katy Township is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Katy Township was a Neutral Market.

Key Takeaway

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

Housing Prices in Katy Township, MO

How much do homes in Katy Township, MO cost?

Median Sold Price

$355,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$77,000(+27.7%)

Key Takeaway

Homes in Katy Township have sold for 27.7% more than they did a year ago.

Summary: The median home sold price in Katy Township was $355,000 in April 2024, up 27.7% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $85K$139.9K
+64.6%
2 -$356.2K
N/A
3 $218.2K$299K
+37.0%
4 $330K$499K
+51.2%
5+ $498K$415K
-16.7%

Summary: Katy Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 37%, 4 bedroom homes increased by 51.2%, and 5+ bedroom homes decreased by 16.7%.

Median Sold Price Compared To Nearby Cities

Katy Township
+27.7%
Columbia
+7.3%
Missouri Township
+6.5%

Housing Supply in Katy Township, MO

How many homes are available in Katy Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1618+12.5%

Summary: The Katy Township real estate market had 18 homes for sale in April 2024, a 12.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 46
+50.0%
4 76
-14.3%
5+ 45
+25.0%

Summary: The Katy 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were 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 Katy Township, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Katy Township in April 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Katy Township, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days272 Days+724.2%

Summary: Homes in Katy Township had an average of 272 days on market in Apr 2024, up by 724.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Katy Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 1 homes were sold in Katy Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

Newest Listings in Katy Township, MO

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What housing markets are near Katy Township, MO?