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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lamar Township is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lamar Township was a Seller's Market.

Key Takeaway

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

Housing Prices in Lamar Township, MO

How much do homes in Lamar Township, MO cost?

Median Sold Price

$150,000

$99/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,000(+7.9%)

Key Takeaway

Homes in Lamar Township have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Lamar Township 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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $118.5K$85K
-28.3%
3 $134K$147.5K
+10.1%
4 $150K$256.7K
+71.1%
5+ $330.5K-
N/A

Summary: Lamar Township 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 28.3%, 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
+11.8%
Lamar Township
+7.9%
Lamar
+7.9%

Housing Supply in Lamar Township, MO

How many homes are available in Lamar Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3036+20.0%

Summary: The Lamar Township real estate market had 36 homes for sale in March 2024, a 20.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 66
0.0%
3 914
+55.6%
4 1111
0.0%
5+ 34
+33.3%

Summary: The Lamar Township 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 55.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
35+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lamar Township, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lamar Township 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 Township, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
80 Days119 Days+48.1%

Summary: Homes in Lamar Township 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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 5 homes were sold in Lamar Township; 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.

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

Report Updated 18 Days Ago

Newest Listings in Lamar Township, MO

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