Is West Plains, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Plains is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in West Plains, MO

How much do homes in West Plains, MO cost?

Median Sold Price

$198,500

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,600(+16.8%)

Key Takeaway

Homes in West Plains have sold for 16.8% more than they did a year ago.

Summary: The median home sold price in West Plains was $198,500 in May 2024, up 16.8% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $103.7K$269K
+159.3%
2 $90.9K$126.5K
+39.1%
3 $166.2K$197K
+18.5%
4 $255K$305K
+19.6%
5+ $355.5K$355K
-0.1%

Summary: West Plains housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 159.3%, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

West Plains
+16.8%
Howell Township
+14.4%

Housing Supply in West Plains, MO

How many homes are available in West Plains, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
154167+8.4%

Summary: The West Plains real estate market had 167 homes for sale in May 2024, a 8.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 2523
-8.0%
3 7485
+14.9%
4 3639
+8.3%
5+ 1819
+5.6%

Summary: The West Plains 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 decreased by 8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2129+38.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Plains, you may be able to get a good deal. 80.8% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in West Plains in May 2024, up by 38.1% month-over-month. Of the 26 sold homes, 81% were sold under asking, 12% were sold at asking, and 8% were sold over asking.

Days on Market for West Plains, MO

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

Average Sale Time

May 2023May 2024CHANGE
39 Days103 Days+158.4%

Summary: Homes in West Plains had an average of 103 days on market in May 2024, up by 158.4% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 29 homes were sold in West Plains; 38% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 34% 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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