Is 65608, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65608 is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, 65608 was a Seller's Market.

Key Takeaway

65608 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 65608, MO

How much do homes in 65608, MO cost?

Median Sold Price

$189,900

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$47,450(+33.3%)

Key Takeaway

Homes in 65608 have sold for 33.3% more than they did a year ago.

Summary: The median home sold price in 65608 was $189,900 in April 2024, up 33.3% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $102.5K$115K
+12.2%
3 $159.9K$189.9K
+18.8%
4 $187.5K$299.5K
+59.7%
5+ $355K$245K
-31.0%

Summary: 65608 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.2%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 59.7%, and 5+ bedroom homes decreased by 31%.

Median Sold Price Compared To Nearby Zip Codes

65608
+33.3%
65704
-8.0%

Housing Supply in 65608, MO

How many homes are available in 65608, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3439+14.7%

Summary: The 65608 real estate market had 39 homes for sale in April 2024, a 14.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 1010
0.0%
3 1519
+26.7%
4 66
0.0%
5+ 23
+50.0%

Summary: The 65608 housing inventory by bedroom type for April 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 26.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65608, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 65608 in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 65608, MO

How long does it take to sell a home in 65608, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
74 Days97 Days+31.4%

Summary: Homes in 65608 had an average of 97 days on market in Apr 2024, up by 31.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were 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 65608 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 5 homes were sold in 65608; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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 8 Days Ago

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