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

$280,000

-

Based on all homes sold in June 2024.

Difference Since Last Month

-$45,000(-13.8%)

Key Takeaway

Homes in Elkland have sold for 13.8% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 --
N/A
2 $445K-
N/A
3 $287.4K$280K
-2.6%
4 --
N/A
5+ --
N/A

Summary: Elkland housing prices by bedroom type for June 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 2.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Elkland, MO

How many homes are available in Elkland, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
119-18.2%

Summary: The Elkland real estate market had 9 homes for sale in June 2024, a 18.2% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 87
-12.5%
4 11
0.0%
5+ 11
0.0%

Summary: The Elkland housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Elkland, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Elkland in June 2024, down by 33.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

May 2024Jun 2024CHANGE
41 Days7 Days-82.9%

Summary: Homes in Elkland had an average of 7 days on market in Jun 2024, down by 82.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 2 homes were sold in Elkland; 100% of homes were sold within 30 days, 0% 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 26 Days Ago

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