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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampe is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Lampe, MO

How much do homes in Lampe, MO cost?

Median Sold Price

$235,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$143,750(-38.0%)

Key Takeaway

Homes in Lampe have sold for 38% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $118.5K$166K
+40.1%
2 $170.4K$129K
-24.3%
3 $387.7K$337.5K
-13.0%
4 $638.7K$535K
-16.2%
5+ $993.7K$737K
-25.8%

Summary: Lampe housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.1%, 2 bedroom homes decreased by 24.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 25.8%.

Median Sold Price Compared To Nearby Cities

Pine A Township
+21.2%
Ruth B Rural Township
+0.8%
Pine B Township
-26.9%
Lampe
-38.0%
Williams Township
-39.1%

Housing Supply in Lampe, MO

How many homes are available in Lampe, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5148-5.9%

Summary: The Lampe real estate market had 48 homes for sale in April 2024, a 5.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 41
-75.0%
2 2117
-19.0%
3 1214
+16.7%
4 77
0.0%
5+ 79
+28.6%

Summary: The Lampe housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1114+27.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lampe, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Lampe in April 2024, up by 27.3% month-over-month. Of the 14 sold homes, 36% were sold under asking, 57% were sold at asking, and 7% were sold over asking.

Days on Market for Lampe, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
74 Days48 Days-34.5%

Summary: Homes in Lampe had an average of 48 days on market in Apr 2024, down by 34.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 14 homes were sold in Lampe; 71% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 29% 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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