Is Five Mile 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, Five Mile Township was a Seller's Market.
Housing Prices in Five Mile Township, MO
How much do homes in Five Mile Township, MO cost?
Median Sold Price
$415,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Five Mile Township was $415,000 in May 2024, up 46.9% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $188.5K | $216.5K | +14.9% |
3 Bedrooms | $249.9K | $265.4K | +6.2% |
4 Bedrooms | $407.5K | $472.3K | +15.9% |
5+ Bedrooms | $371K | $499K | +34.5% |
Summary: Five Mile 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 14.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
Garden Township | $130K | $195K | +50.0% |
Five Mile Township | $282.5K | $415K | +46.9% |
Loma Linda | $349.9K | $440K | +25.7% |
Joplin | $171.4K | $180K | +5.0% |
Shoal Creek Township | $267.5K | $251K | -6.2% |
Housing Supply in Five Mile Township, MO
How many homes are available in Five Mile Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 22 | +37.5% |
Summary: The Five Mile Township real estate market had 22 homes for sale in May 2024, a 37.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 9 | +50.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Five Mile Township 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 increased by 50%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Five Mile Township in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Five Mile Township, MO
How long does it take to sell a home in Five Mile Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
50 Days | 42 Days | -15.0% |
Summary: Homes in Five Mile Township had an average of 42 days on market in May 2024, down by 15% compared to last year.
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
Summary: During May 2024, 2 homes were sold in Five Mile Township; 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.