Is McDonald County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McDonald County is a buyer's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in McDonald County, MO

How much do homes in McDonald County, MO cost?

Median Sold Price

$211,500

$137/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$44,250(+26.5%)

Key Takeaway

Homes in McDonald County have sold for 26.5% more than they did a year ago.

Summary: The median home sold price in McDonald County was $211,500 in March 2024, up 26.5% from last year, and the median price per square foot was $137.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $249.5K$76.2K
-69.4%
2 $98K$130K
+32.7%
3 $175K$227.5K
+30.0%
4 $181.7K$250K
+37.6%
5+ $264.2K$430.7K
+63.0%

Summary: McDonald County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes increased by 32.7%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 37.6%, and 5+ bedroom homes increased by 63%.

Median Sold Price Compared To Nearby Counties

McDonald County
+26.5%
Barry County
+16.4%
Delaware County
+8.0%
Newton County
+6.6%
Benton County
+3.5%

Housing Supply in McDonald County, MO

How many homes are available in McDonald County, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7579+5.3%

Summary: The McDonald County real estate market had 79 homes for sale in March 2024, a 5.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1617
+6.3%
3 4345
+4.7%
4 1516
+6.7%
5+ 11
0.0%

Summary: The McDonald County 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 increased by 6.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1210-16.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 10 homes were sold or pending in McDonald County in March 2024, down by 16.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for McDonald County, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
76 Days123 Days+62.2%

Summary: Homes in McDonald County had an average of 123 days on market in Mar 2024, up by 62.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 10 homes were sold in McDonald County; 10% of homes were sold within 30 days, 30% 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 24 Days Ago

Newest Listings in McDonald County, MO

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