Is Northwoods, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northwoods has remained a Seller's Market.
Key Takeaway
Northwoods is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwoods, MO
How much do homes in Northwoods, MO cost?
Median Sold Price
$70,153
$56/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Northwoods have sold for 17.5% less than they did a year ago.
Summary: The median home sold price in Northwoods was $70,153 in April 2024, down 17.5% from last year, and the median price per square foot was $56.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $70K | $52.8K | -24.5% |
| 3 Bedrooms | $85K | $89.9K | +5.8% |
| 4 Bedrooms | $122K | $100K | -18.0% |
| 5+ Bedrooms | $109.8K | - | N/A |
Summary: Northwoods housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 18%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Pasadena Hills | $272.5K | $354.9K | +30.3% |
| Pine Lawn | $43.5K | $46.5K | +6.9% |
| Normandy Township | $70.2K | $65K | -7.5% |
| Northwoods | $85K | $70.1K | -17.5% |
Housing Supply in Northwoods, MO
How many homes are available in Northwoods, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 26 | 22 | -15.4% |
Summary: The Northwoods real estate market had 22 homes for sale in April 2024, a 15.4% decrease 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 | 15 | 13 | -13.3% |
| 3 Bedrooms | 9 | 6 | -33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Northwoods 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 decreased by 13.3%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northwoods, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Northwoods in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Northwoods, MO
How long does it take to sell a home in Northwoods, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 30 Days | -39.0% |
Summary: Homes in Northwoods had an average of 30 days on market in Apr 2024, down by 39% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwoods are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Northwoods; 67% of homes were sold within 30 days, 33% 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.