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 seller's market

Buyer's
Market

Difference Since June 2023

Since last year, McDonald County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in McDonald County, MO

How much do homes in McDonald County, MO cost?

Median Sold Price

$226,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$52,500(+30.3%)

Key Takeaway

Homes in McDonald County have sold for 30.3% more than they did a year ago.

Summary: The median home sold price in McDonald County was $226,000 in June 2024, up 30.3% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $249.5K$92.5K
-62.9%
2 $98K$137K
+39.8%
3 $196.7K$230.5K
+17.2%
4 $193K$250K
+29.5%
5+ $336K$430.7K
+28.2%

Summary: McDonald County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 62.9%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 28.2%.

Median Sold Price Compared To Nearby Counties

McDonald County
+30.3%
Newton County
+11.7%
Barry County
+8.8%
Benton County
+5.2%
Delaware County
0.4%

Housing Supply in McDonald County, MO

How many homes are available in McDonald County, MO?

Number of Homes For Sale

May 2024Jun 2024CHANGE
8590+5.9%

Summary: The McDonald County real estate market had 90 homes for sale in June 2024, a 5.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 1518
+20.0%
3 4242
0.0%
4 2221
-4.5%
5+ 58
+60.0%

Summary: The McDonald County 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1522+46.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McDonald County, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.

Summary: A total of 22 homes were sold or pending in McDonald County in June 2024, up by 46.7% month-over-month. Of the 22 sold homes, 23% were sold under asking, 45% were sold at asking, and 32% 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

Jun 2023Jun 2024CHANGE
82 Days73 Days-11.1%

Summary: Homes in McDonald County had an average of 73 days on market in Jun 2024, down by 11.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in McDonald County has remained consistent over time.

Summary: During June 2024, 22 homes were sold in McDonald County; 32% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 32% 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

Newest Listings in McDonald County, MO

Nearby Markets to McDonald County, MO

What housing markets are near McDonald County, MO?