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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buffalo Township is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Buffalo Township was a Seller's Market.

Key Takeaway

Buffalo 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 Buffalo Township, MO

How much do homes in Buffalo Township, MO cost?

Median Sold Price

$174,500

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$7,950(-4.4%)

Key Takeaway

Homes in Buffalo Township have sold for 4.4% less than they did a year ago.

Summary: The median home sold price in Buffalo Township was $174,500 in May 2024, down 4.4% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $155K-
N/A
2 $128.8K$137K
+6.3%
3 $188.5K$212.5K
+12.7%
4 $350.2K$220K
-37.2%
5+ $400K$399.9K
0%

Summary: Buffalo Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 37.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Buffalo Township
-4.4%
Seneca Township
-10.4%

Housing Supply in Buffalo Township, MO

How many homes are available in Buffalo Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5461+13.0%

Summary: The Buffalo Township real estate market had 61 homes for sale in May 2024, a 13.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 23
+50.0%
2 1012
+20.0%
3 3233
+3.1%
4 59
+80.0%
5+ 54
-20.0%

Summary: The Buffalo Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 80%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buffalo Township, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Buffalo Township in May 2024, up by 11.1% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.

Days on Market for Buffalo Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
51 Days52 Days+3.5%

Summary: Homes in Buffalo Township had an average of 52 days on market in May 2024, up by 3.5% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buffalo Township are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Buffalo Township; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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 Buffalo Township, MO

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