Is Boone County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boone County is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Boone County, MO cost?

Median Sold Price

$272,017

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$32,767(+13.7%)

Key Takeaway

Homes in Boone County have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $96.7K$120K
+24.0%
2 $125K$140K
+12.0%
3 $209.3K$241.4K
+15.3%
4 $295K$335K
+13.5%
5+ $437.6K$515K
+17.7%

Median Sold Price Compared To Nearby Counties

Audrain County
+21.4%
Boone County
+13.7%
Callaway County
+12.3%

How many homes are available in Boone County, MO?

Number of Homes For Sale

Oct 2022Nov 2022%
544517-5.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 22
0.0%
2 2827
-3.6%
3 264259
-1.9%
4 163146
-10.4%
5+ 8783
-4.6%

Number of Homes Sold

Oct 2022Nov 2022%
141134-5.0%

Asking Price vs. Sold Price

59 Homes Were Sold
Under Asking

40 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boone County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
18 Days24 Days+31.9%

Breakdown of Home Sale Times

98 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Boone County, MO

Boone County, MO has 517 homes for sale to choose from. The number of listings in Boone County, MO decreased by 5% between October 2022 and November 2022. While the average time on the market in November 2022 was 24 days, the median list price was $272,017. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 24%, prices of 2 bedrooms properties went up by 12%, 3 bedrooms properties prices increased by 15.3%, the cost of 4 bedrooms properties went up by 13.5%, prices of 5 bedrooms properties increased by 17.7%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went down by 3.6%, 3 bedrooms homes became 1.9% less available, volume of 4 bedrooms homes went down by 10.4%, 5 bedrooms homes inventory decreased by 4.6%. In November 2022, from all listings sold in Boone County, MO there were more than 34 sold above asking price, over 59 sold below and more than 40 were sold right at the asked price.

Related Housing Market Reports