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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Richland Township is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Richland Township was a Seller's Market.

Key Takeaway

Richland Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Richland Township, MO

How much do homes in Richland Township, MO cost?

Median Sold Price

$236,216

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$44,216(+23.0%)

Key Takeaway

Homes in Richland Township have sold for 23% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$236.2K
N/A
3 $192K-
N/A
4 --
N/A
5+ --
N/A

Summary: Richland Township housing prices by bedroom type for May 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Tecumseh
+32.8%
Richland Township
+23.0%

Housing Supply in Richland Township, MO

How many homes are available in Richland Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
25250.0%

Summary: The Richland Township real estate market had 25 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 75
-28.6%
3 1210
-16.7%
4 34
+33.3%
5+ 25
+150.0%

Summary: The Richland 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 decreased by 28.6%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Apr 2024May 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Richland Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Richland Township in May 2024, down by 42.9% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Richland Township, MO

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

Average Sale Time

Apr 2024May 2024CHANGE
97 Days47 Days-52.0%

Summary: Homes in Richland Township had an average of 47 days on market in May 2024, down by 52% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Richland Township has remained consistent over time.

Summary: During May 2024, 4 homes were sold in Richland Township; 25% of homes were sold within 30 days, 75% 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 Richland Township, MO

Nearby Markets to Richland Township, MO