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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Mansfield, MO

How much do homes in Mansfield, MO cost?

Median Sold Price

$129,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$20,500(-13.7%)

Key Takeaway

Homes in Mansfield have sold for 13.7% less than they did a year ago.

Summary: The median home sold price in Mansfield was $129,000 in June 2024, down 13.7% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $135K$599.9K
+344.4%
2 $76K$115K
+51.3%
3 $154.5K$165K
+6.8%
4 $172.5K$0
-100.0%
5+ $345K-
N/A

Summary: Mansfield housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 344.4%, 2 bedroom homes increased by 51.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes did not change.

Housing Supply in Mansfield, MO

How many homes are available in Mansfield, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1825+38.9%

Summary: The Mansfield real estate market had 25 homes for sale in June 2024, a 38.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 44
0.0%
3 1218
+50.0%
4 01
+100.0%
5+ 11
0.0%

Summary: The Mansfield 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Mansfield in June 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.

Days on Market for Mansfield, MO

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

Average Sale Time

Jun 2023Jun 2024CHANGE
10 Days27 Days+170.0%

Summary: Homes in Mansfield had an average of 27 days on market in Jun 2024, up by 170% compared to last year.

Breakdown of Home Sale Times

2 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 Mansfield are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 3 homes were sold in Mansfield; 67% of homes were sold within 30 days, 33% 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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