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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Mansfield, MO

How much do homes in Mansfield, MO cost?

Median Sold Price

$129,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$9,500(-6.9%)

Key Takeaway

Homes in Mansfield have sold for 6.9% less than they did a year ago.

Summary: The median home sold price in Mansfield was $129,000 in April 2024, down 6.9% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $135K-
N/A
2 $79.9K$96.5K
+20.8%
3 $145.5K$180K
+23.7%
4 $172.5K$0
-100.0%
5+ $345K-
N/A

Summary: Mansfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mansfield
-6.9%
Pleasant Valley Township
-9.0%

Housing Supply in Mansfield, MO

How many homes are available in Mansfield, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1916-15.8%

Summary: The Mansfield real estate market had 16 homes for sale in April 2024, a 15.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 55
0.0%
3 139
-30.8%
4 00
0.0%
5+ 11
0.0%

Summary: The Mansfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
74-42.9%

Asking Price vs. Sold Price

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

Summary: A total of 4 homes were sold or pending in Mansfield in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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

Apr 2023Apr 2024CHANGE
320 Days4 Days-98.6%

Summary: Homes in Mansfield had an average of 4 days on market in Apr 2024, down by 98.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were 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 April 2024, 4 homes were sold in Mansfield; 100% of homes were sold within 30 days, 0% 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 7 Days Ago

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