Is Lampe, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampe is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Lampe has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Lampe, MO

How much do homes in Lampe, MO cost?

Median Sold Price

$233,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$133,500(-36.4%)

Key Takeaway

Homes in Lampe have sold for 36.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $118.5K$166K
+40.1%
2 $165K$127.2K
-22.9%
3 $370K$337.5K
-8.8%
4 $535K$552.5K
+3.3%
5+ $880K$699K
-20.6%

Summary: Lampe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.1%, 2 bedroom homes decreased by 22.9%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 20.6%.

Median Sold Price Compared To Nearby Cities

Ruth B Rural Township
+1.6%
Pine A Township
-10.0%
Pine B Township
-24.6%
Lampe
-36.4%

Housing Supply in Lampe, MO

How many homes are available in Lampe, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4835-27.1%

Summary: The Lampe real estate market had 35 homes for sale in May 2024, a 27.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 178
-52.9%
3 1412
-14.3%
4 88
0.0%
5+ 87
-12.5%

Summary: The Lampe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 52.9%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lampe, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lampe in May 2024, down by 53.8% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Lampe, MO

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

Average Sale Time

May 2023May 2024CHANGE
91 Days46 Days-48.9%

Summary: Homes in Lampe had an average of 46 days on market in May 2024, down by 48.9% compared to last year.

Breakdown of Home Sale Times

4 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 Lampe are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 6 homes were sold in Lampe; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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 12 Days Ago

Newest Listings in Lampe, MO

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