Is Tesson Ferry 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, Tesson Ferry Township has remained a Seller's Market.
Key Takeaway
Tesson Ferry Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tesson Ferry Township, MO
How much do homes in Tesson Ferry Township, MO cost?
Median Sold Price
$325,279
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Tesson Ferry Township have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Tesson Ferry Township was $325,279 in April 2024, up 5.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112K | $102K | -8.9% |
| 2 Bedrooms | $172K | $185K | +7.6% |
| 3 Bedrooms | $300.5K | $308.4K | +2.6% |
| 4 Bedrooms | $383.1K | $425K | +10.9% |
| 5+ Bedrooms | $710K | $570K | -19.7% |
Summary: Tesson Ferry Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Cities
| Lemay Township | $174.2K | $190.2K | +9.2% |
| Concord Township | $225K | $240.2K | +6.8% |
| Tesson Ferry Township | $307.8K | $325.2K | +5.7% |
| Oakville Township | $300K | $314.3K | +4.8% |
| Sunset Hills | $515.7K | $535.5K | +3.8% |
Housing Supply in Tesson Ferry Township, MO
How many homes are available in Tesson Ferry Township, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 87 | 103 | +18.4% |
Summary: The Tesson Ferry Township real estate market had 103 homes for sale in April 2024, a 18.4% increase 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 | 24 | 26 | +8.3% |
| 3 Bedrooms | 33 | 39 | +18.2% |
| 4 Bedrooms | 25 | 31 | +24.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Tesson Ferry 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 increased by 8.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tesson Ferry Township, you could pay more than the asking price. 57.9% of homes here sold above asking price last month.
Summary: A total of 38 homes were sold or pending in Tesson Ferry Township in April 2024, up by 22.6% month-over-month. Of the 38 sold homes, 29% were sold under asking, 13% were sold at asking, and 58% were sold over asking.
Days on Market for Tesson Ferry Township, MO
How long does it take to sell a home in Tesson Ferry Township, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 18 Days | +4.0% |
Summary: Homes in Tesson Ferry Township had an average of 18 days on market in Apr 2024, up by 4% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Tesson Ferry Township are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in Tesson Ferry Township; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.