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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lamar is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Lamar has remained a Buyer's Market.

Key Takeaway

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

How much do homes in Lamar, MO cost?

Median Sold Price

$21,000

-

Based on all homes sold in December 2022.

Difference Since Last Month

-$128,000(-85.9%)

Key Takeaway

Homes in Lamar have sold for 85.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSNov 2022Dec 2022%
1 --
N/A
2 --
N/A
3 -$21K
N/A
4 $149K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Lamar
-85.9%
City Township
-85.9%

How many homes are available in Lamar, MO?

Number of Homes For Sale

Nov 2022Dec 2022%
2327+17.4%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 00
0.0%
2 55
0.0%
3 1417
+21.4%
4 45
+25.0%
5+ 00
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
110.0%

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

Average Sale Time

Nov 2022Dec 2022%
5 Days109 Days+2080.0%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lamar are taking a long time to sell, it's a good idea to negotiate on homes here.

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

About Lamar, MO

Homes for sale in Lamar, MO have reached 27. The inventory of homes for sale in Lamar, MO between November 2022 and December 2022 increased by 17.4%. Listings spent 109 days on the market in December 2022, and had a median list price of $21,000 during the same period. Real estate listing prices changed between December 2021 and December 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 0% more expensive, 3 bedrooms properties became 0% more expensive, prices of 4 bedrooms properties increased by 0%, the cost of 5 bedrooms properties went up by 0%. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went up by 21.4%, 4 bedrooms homes inventory increased by 25%, volume of 5 bedrooms homes stayed the same. Over 0 listings were sold over their listed price in December 2022 in Lamar, MO. In the same period over 1 listings were sold below the listed price and 0 listings were sold for the listed price.