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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elkland is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Elkland has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Elkland, MO

How much do homes in Elkland, MO cost?

Median Sold Price

$325,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

-$33,450(-9.3%)

Key Takeaway

Homes in Elkland have sold for 9.3% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 -$445K
N/A
3 $367K$287.4K
-21.7%
4 $349.9K-
N/A
5+ --
N/A

Summary: Elkland housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Jackson Township
+4.9%
Elkland
-9.3%
South Benton Township
-22.4%

Housing Supply in Elkland, MO

How many homes are available in Elkland, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
711+57.1%

Summary: The Elkland real estate market had 11 homes for sale in May 2024, a 57.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 11
0.0%
3 48
+100.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Elkland 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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elkland, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Elkland in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Elkland, MO

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

Average Sale Time

Apr 2024May 2024CHANGE
28 Days41 Days+43.9%

Summary: Homes in Elkland had an average of 41 days on market in May 2024, up by 43.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Elkland has remained consistent over time.

Summary: During May 2024, 3 homes were sold in Elkland; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Elkland, MO

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