Is Lamar, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lamar has remained a Buyer's Market.
Housing Prices in Lamar, MO
How much do homes in Lamar, MO cost?
Median Sold Price
$150,000
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lamar was $150,000 in March 2024, up 7.9% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $98K | $85K | -13.3% |
3 Bedrooms | $134K | $147.5K | +10.1% |
4 Bedrooms | $150K | $256.7K | +71.1% |
5+ Bedrooms | $330.5K | - | N/A |
Summary: Lamar housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.3%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 71.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
City Township | $131.4K | $147K | +11.8% |
Lamar | $139K | $150K | +7.9% |
Lamar Township | $139K | $150K | +7.9% |
Housing Supply in Lamar, MO
How many homes are available in Lamar, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
34 | 40 | +17.6% |
Summary: The Lamar real estate market had 40 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 12 | 17 | +41.7% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Lamar housing inventory by bedroom type for March 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 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lamar in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Lamar, MO
How long does it take to sell a home in Lamar, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
80 Days | 119 Days | +48.1% |
Summary: Homes in Lamar had an average of 119 days on market in Mar 2024, up by 48.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Lamar; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.