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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bolivar is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Bolivar, MO

How much do homes in Bolivar, MO cost?

Median Sold Price

$235,000

$618/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,500(+6.6%)

Key Takeaway

Homes in Bolivar have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Bolivar was $235,000 in May 2024, up 6.6% from last year, and the median price per square foot was $618.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$145K
N/A
2 $144K$143.4K
-0.4%
3 $215K$235K
+9.3%
4 $270K$304.9K
+12.9%
5+ $408K$368K
-9.8%

Summary: Bolivar 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 0.4%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 9.8%.

Median Sold Price Compared To Nearby Cities

Northeast Marion Township
+21.5%
Southwest Marion Township
+11.1%
Bolivar
+6.6%
Southeast Marion Township
+4.5%
Northwest Marion Township
-1.3%

Housing Supply in Bolivar, MO

How many homes are available in Bolivar, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
100108+8.0%

Summary: The Bolivar real estate market had 108 homes for sale in May 2024, a 8.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 6461
-4.7%
4 1926
+36.8%
5+ 67
+16.7%

Summary: The Bolivar 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 27.3%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1924+26.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bolivar, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Bolivar in May 2024, up by 26.3% month-over-month. Of the 22 sold homes, 59% were sold under asking, 23% were sold at asking, and 18% were sold over asking.

Days on Market for Bolivar, MO

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

Average Sale Time

May 2023May 2024CHANGE
58 Days38 Days-33.6%

Summary: Homes in Bolivar had an average of 38 days on market in May 2024, down by 33.6% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 24 homes were sold in Bolivar; 71% of homes were sold within 30 days, 17% 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 1 Day Ago

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