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 February 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

$135,000

$248/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$3,500(-2.5%)

Key Takeaway

Homes in Mansfield have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Mansfield was $135,000 in February 2024, down 2.5% from last year, and the median price per square foot was $248.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $135K-
N/A
2 $78.9K$115K
+45.7%
3 $144.1K$160.1K
+11.1%
4 $175K$86.2K
-50.7%
5+ $345K-
N/A

Summary: Mansfield housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 45.7%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 50.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Pleasant Valley Township
-0.1%
Mansfield
-2.5%

Housing Supply in Mansfield, MO

How many homes are available in Mansfield, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1012+20.0%

Summary: The Mansfield real estate market had 12 homes for sale in February 2024, a 20.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 47
+75.0%
4 11
0.0%
5+ 11
0.0%

Summary: The Mansfield housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 75%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was 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 1 homes were sold or pending in Mansfield in February 2024, down by 66.7% month-over-month. Of the 1 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

Feb 2023Feb 2024CHANGE
8 Days85 Days+900.0%

Summary: Homes in Mansfield had an average of 85 days on market in Feb 2024, up by 900% compared to last year.

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Mansfield has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Mansfield; 0% of homes were sold within 30 days, 100% 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 2 Days Ago

Newest Listings in Mansfield, MO

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