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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Verona is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Verona has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Verona, MO

How much do homes in Verona, MO cost?

Median Sold Price

$224,900

$164/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$225,100(-50.0%)

Key Takeaway

Homes in Verona have sold for 50% less than they did a month ago.

Summary: The median home sold price in Verona was $224,900 in May 2024, down 50% from last month, and the median price per square foot was $164.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$164.9K
N/A
3 $450K$98K
-78.2%
4 -$284.9K
N/A
5+ --
N/A

Summary: Verona housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 78.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Verona
-50.0%
Verona
-68.5%

Housing Supply in Verona, MO

How many homes are available in Verona, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
108-20.0%

Summary: The Verona real estate market had 8 homes for sale in May 2024, a 20.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 63
-50.0%
4 33
0.0%
5+ 00
0.0%

Summary: The Verona 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 100%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was 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 Verona, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Verona in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Verona, MO

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

Average Sale Time

Apr 2024May 2024CHANGE
64 Days91 Days+41.5%

Summary: Homes in Verona had an average of 91 days on market in May 2024, up by 41.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Verona are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 4 homes were sold in Verona; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% 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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