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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Galloway Township is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, North Galloway Township was a Buyer's Market.

Key Takeaway

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

Housing Prices in North Galloway Township, MO

How much do homes in North Galloway Township, MO cost?

Median Sold Price

$276,000

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$49,000(-15.1%)

Key Takeaway

Homes in North Galloway Township have sold for 15.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $250K$121.2K
-51.5%
3 $274.9K$269.2K
-2.1%
4 $374K$288K
-23.0%
5+ $468.5K$539.9K
+15.3%

Summary: North Galloway 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 decreased by 51.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 23%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Cities

Garden Grove Township
+3.9%
West Finley Township
+0.9%
Rosedale Township
-1.2%
Highlandville
-14.3%
North Galloway Township
-15.1%

Housing Supply in North Galloway Township, MO

How many homes are available in North Galloway Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1011+10.0%

Summary: The North Galloway Township real estate market had 11 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 63
-50.0%
4 12
+100.0%
5+ 25
+150.0%

Summary: The North Galloway 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 decreased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 150%.

Number of Homes Sold

Apr 2024May 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Galloway Township, 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 North Galloway Township in May 2024, down by 33.3% 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 North Galloway Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
25 Days11 Days-54.0%

Summary: Homes in North Galloway Township had an average of 11 days on market in May 2024, down by 54% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

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