Is Tecumseh, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tecumseh is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Tecumseh has remained a Seller's Market.

Key Takeaway

Tecumseh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Tecumseh, MO

How much do homes in Tecumseh, MO cost?

Median Sold Price

$255,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$63,000(+32.8%)

Key Takeaway

Homes in Tecumseh have sold for 32.8% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 -$160K
N/A
2 --
N/A
3 $192K$350K
+82.3%
4 --
N/A
5+ --
N/A

Summary: Tecumseh 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 increased by 82.3%, 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 Tecumseh, MO

How many homes are available in Tecumseh, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
76-14.3%

Summary: The Tecumseh real estate market had 6 homes for sale in May 2024, a 14.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 00
0.0%
3 54
-20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Tecumseh 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 remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tecumseh, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Tecumseh in May 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Tecumseh, MO

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

Average Sale Time

Apr 2024May 2024CHANGE
81 Days65 Days-19.8%

Summary: Homes in Tecumseh had an average of 65 days on market in May 2024, down by 19.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 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 Tecumseh has remained consistent over time.

Summary: During May 2024, 2 homes were sold in Tecumseh; 0% of homes were sold within 30 days, 100% 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 Tecumseh, MO

Nearby Markets to Tecumseh, MO