Is Spanish Lake Township, 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, Spanish Lake Township has remained a Seller's Market.
Housing Prices in Spanish Lake Township, MO
How much do homes in Spanish Lake Township, MO cost?
Median Sold Price
$179,190
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spanish Lake Township was $179,190 in April 2024, down 8.1% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $116K | $129K | +11.2% |
2 Bedrooms | $111.2K | $123.6K | +11.1% |
3 Bedrooms | $185.5K | $168.2K | -9.3% |
4 Bedrooms | $235K | $235K | 0.0% |
5+ Bedrooms | $275K | $315K | +14.5% |
Summary: Spanish Lake Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.2%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Cities
Black Jack | $198.9K | $200.9K | +1.0% |
Florissant | $174.9K | $170.9K | -2.3% |
Spanish Lake Township | $195K | $179.1K | -8.1% |
Saint Ferdinand Township | $86.8K | $75K | -13.5% |
Ferguson Township | $135K | $115K | -14.8% |
Housing Supply in Spanish Lake Township, MO
How many homes are available in Spanish Lake Township, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 130 | -2.3% |
Summary: The Spanish Lake Township real estate market had 130 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 17 | -15.0% |
3 Bedrooms | 87 | 83 | -4.6% |
4 Bedrooms | 22 | 24 | +9.1% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Spanish Lake 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 decreased by 15%, 3 bedroom homes decreased by 4.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
33 | 28 | -15.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Spanish Lake Township in April 2024, down by 15.2% month-over-month. Of the 28 sold homes, 39% were sold under asking, 25% were sold at asking, and 36% were sold over asking.
Days on Market for Spanish Lake Township, MO
How long does it take to sell a home in Spanish Lake Township, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 38 Days | -5.4% |
Summary: Homes in Spanish Lake Township had an average of 38 days on market in Apr 2024, down by 5.4% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Spanish Lake Township; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.