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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampe is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Lampe was a Neutral Market.

Key Takeaway

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

Housing Prices in Lampe, MO

How much do homes in Lampe, MO cost?

Median Sold Price

$235,225

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$134,775(-36.4%)

Key Takeaway

Homes in Lampe have sold for 36.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $109.7K$160.5K
+46.2%
2 $165K$192.5K
+16.7%
3 $378.7K$335K
-11.6%
4 $599K$535K
-10.7%
5+ $880K$775K
-11.9%

Summary: Lampe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.2%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 11.6%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 11.9%.

Median Sold Price Compared To Nearby Cities

Ruth B Rural Township
+10.1%
Pine B Township
-22.4%
Lampe
-36.4%

Housing Supply in Lampe, MO

How many homes are available in Lampe, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4050+25.0%

Summary: The Lampe real estate market had 50 homes for sale in March 2024, a 25.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 1719
+11.8%
3 711
+57.1%
4 1010
0.0%
5+ 36
+100.0%

Summary: The Lampe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
419+375.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lampe, expect to pay close to the asking price. 57.9% of homes here sold near the asking price last month.

Summary: A total of 19 homes were sold or pending in Lampe in March 2024, up by 375.0% month-over-month. Of the 19 sold homes, 32% were sold under asking, 58% were sold at asking, and 11% were sold over asking.

Days on Market for Lampe, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
62 Days4 Days-92.4%

Summary: Homes in Lampe had an average of 4 days on market in Mar 2024, down by 92.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 19 homes were sold in Lampe; 95% of homes were sold within 30 days, 5% 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 24 Days Ago

Newest Listings in Lampe, MO

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