Is Buffalo Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Buffalo Township was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | - | N/A |
2 Bedrooms | $128.8K | $137K | +6.3% |
3 Bedrooms | $188.5K | $212.5K | +12.7% |
4 Bedrooms | $350.2K | $220K | -37.2% |
5+ Bedrooms | $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 | $182.4K | $174.5K | -4.4% |
Seneca Township | $169K | $151.4K | -10.4% |
Housing Supply in Buffalo Township, MO
How many homes are available in Buffalo Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 61 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 32 | 33 | +3.1% |
4 Bedrooms | 5 | 9 | +80.0% |
5+ Bedrooms | 5 | 4 | -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 2024 | May 2024 | CHANGE |
---|---|---|
9 | 10 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
51 Days | 52 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
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.