Is 65740, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 65740 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 65740 has remained a Seller's Market.

Key Takeaway

65740 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 65740, MO

How much do homes in 65740, MO cost?

Median Sold Price

$182,500

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,500(+8.0%)

Key Takeaway

Homes in 65740 have sold for 8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $93.4K-
N/A
2 $173K$141.4K
-18.2%
3 $168.2K$189.7K
+12.8%
4 $209.9K$243.5K
+16.0%
5+ $175K$205K
+17.1%

Summary: 65740 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 decreased by 18.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Zip Codes

65740
+8.0%
65616
+6.0%
65653
-6.2%

Housing Supply in 65740, MO

How many homes are available in 65740, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2728+3.7%

Summary: The 65740 real estate market had 28 homes for sale in April 2024, a 3.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 78
+14.3%
3 1818
0.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The 65740 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
68+33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 65740, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 65740 in April 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for 65740, MO

How long does it take to sell a home in 65740, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
30 Days79 Days+159.6%

Summary: Homes in 65740 had an average of 79 days on market in Apr 2024, up by 159.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 65740 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in 65740; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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 5 Days Ago

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