Is Spencer Creek Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Spencer Creek Township has remained a Seller's Market.
Housing Prices in Spencer Creek Township, MO
How much do homes in Spencer Creek Township, MO cost?
Median Sold Price
$285,000
$167/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Spencer Creek Township was $285,000 in May 2024, up 6.3% from last year, and the median price per square foot was $167.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129.9K | $130K | 0.1% |
2 Bedrooms | $170K | $180K | +5.9% |
3 Bedrooms | $290K | $303K | +4.5% |
4 Bedrooms | $320K | $375K | +17.2% |
5+ Bedrooms | $319.5K | $450K | +40.8% |
Summary: Spencer Creek Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 40.8%.
Median Sold Price Compared To Nearby Cities
Saint Peters Township | $285.2K | $315K | +10.4% |
Saint Charles | $290.5K | $320K | +10.1% |
Saint Peters | $279K | $300K | +7.5% |
Spencer Creek Township | $268K | $285K | +6.3% |
Zumbehl Township | $311.5K | $306.1K | -1.7% |
Housing Supply in Spencer Creek Township, MO
How many homes are available in Spencer Creek Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 72 | +18.0% |
Summary: The Spencer Creek Township real estate market had 72 homes for sale in May 2024, a 18.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 31 | 34 | +9.7% |
4 Bedrooms | 11 | 17 | +54.5% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Spencer Creek 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 increased by 5.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 54.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 31 | +47.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Spencer Creek Township in May 2024, up by 47.6% month-over-month. Of the 31 sold homes, 16% were sold under asking, 23% were sold at asking, and 61% were sold over asking.
Days on Market for Spencer Creek Township, MO
How long does it take to sell a home in Spencer Creek Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 19 Days | +57.3% |
Summary: Homes in Spencer Creek Township had an average of 19 days on market in May 2024, up by 57.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 31 homes were sold in Spencer Creek Township; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.