Is Shell Knob, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shell Knob is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Shell Knob, MO

How much do homes in Shell Knob, MO cost?

Median Sold Price

$400,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,500(+6.2%)

Key Takeaway

Homes in Shell Knob have sold for 6.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195K$204.5K
+4.9%
2 $225K$200K
-11.1%
3 $378K$400K
+5.8%
4 $450K$639K
+42.0%
5+ $679K$720K
+6.0%

Summary: Shell Knob housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 42%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Cities

Alpine Township
+37.2%
Shell Knob Township
+20.3%
Shell Knob
+6.2%
White River Township
-13.9%
Williams Township
-39.1%

Housing Supply in Shell Knob, MO

How many homes are available in Shell Knob, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4051+27.5%

Summary: The Shell Knob real estate market had 51 homes for sale in April 2024, a 27.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 810
+25.0%
3 1722
+29.4%
4 910
+11.1%
5+ 35
+66.7%

Summary: The Shell Knob housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
510+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shell Knob, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Shell Knob in April 2024, up by 100.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Shell Knob, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days37 Days+68.8%

Summary: Homes in Shell Knob had an average of 37 days on market in Apr 2024, up by 68.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in Shell Knob; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 Apr 1, 2024

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