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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fordland is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Fordland, MO

How much do homes in Fordland, MO cost?

Median Sold Price

$255,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$67,450(-20.9%)

Key Takeaway

Homes in Fordland have sold for 20.9% less than they did a year ago.

Summary: The median home sold price in Fordland was $255,000 in May 2024, down 20.9% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$275K
N/A
2 $100K$128.5K
+28.5%
3 $298.7K$260K
-13.0%
4 $469K$234.9K
-49.9%
5+ $483K$587.5K
+21.6%

Summary: Fordland 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 increased by 28.5%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 49.9%, and 5+ bedroom homes increased by 21.6%.

Median Sold Price Compared To Nearby Cities

Fordland
-20.9%
Green Hill Township
-25.4%

Housing Supply in Fordland, MO

How many homes are available in Fordland, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1620+25.0%

Summary: The Fordland real estate market had 20 homes for sale in May 2024, a 25.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 33
0.0%
3 89
+12.5%
4 46
+50.0%
5+ 01
+100.0%

Summary: The Fordland 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fordland, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Fordland in May 2024, up by 100.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Fordland, MO

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

Average Sale Time

May 2023May 2024CHANGE
4 Days52 Days+1066.7%

Summary: Homes in Fordland had an average of 52 days on market in May 2024, up by 1066.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Fordland; 50% of homes were sold within 30 days, 33% 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 1 Day Ago

Newest Listings in Fordland, MO

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