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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pierce Township is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Pierce 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 Pierce Township, MO

How much do homes in Pierce Township, MO cost?

Median Sold Price

$209,950

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,750(+5.4%)

Key Takeaway

Homes in Pierce Township have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Pierce Township was $209,950 in May 2024, up 5.4% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $135K$120.5K
-10.7%
3 $197.5K$208K
+5.3%
4 $217.3K$230K
+5.8%
5+ $467.5K$439K
-6.1%

Summary: Pierce 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 10.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes decreased by 6.1%.

Median Sold Price Compared To Nearby Cities

Monett
+17.9%
Monett Township
+17.9%
Pierce Township
+5.4%
Pierce City
-14.3%

Housing Supply in Pierce Township, MO

How many homes are available in Pierce Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4748+2.1%

Summary: The Pierce Township real estate market had 48 homes for sale in May 2024, a 2.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 2625
-3.8%
4 1113
+18.2%
5+ 45
+25.0%

Summary: The Pierce 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 decreased by 16.7%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pierce Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Pierce Township in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Pierce Township, MO

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

Average Sale Time

May 2023May 2024CHANGE
42 Days28 Days-33.9%

Summary: Homes in Pierce Township had an average of 28 days on market in May 2024, down by 33.9% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 8 homes were sold in Pierce Township; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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 9 Days Ago

Newest Listings in Pierce Township, MO

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