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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monett is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Monett, MO

How much do homes in Monett, MO cost?

Median Sold Price

$202,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$37,000(+22.4%)

Key Takeaway

Homes in Monett have sold for 22.4% more than they did a year ago.

Summary: The median home sold price in Monett was $202,000 in February 2024, up 22.4% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $52.5K$73K
+39.0%
2 $105.5K$102.9K
-2.4%
3 $177.9K$206.5K
+16.0%
4 $195.7K$250K
+27.7%
5+ $250K$273.2K
+9.3%

Summary: Monett housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 27.7%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Monett Township
+23.3%
Monett
+22.4%
Pierce Township
+15.6%

Housing Supply in Monett, MO

How many homes are available in Monett, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6669+4.5%

Summary: The Monett real estate market had 69 homes for sale in February 2024, a 4.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 911
+22.2%
3 4039
-2.5%
4 1315
+15.4%
5+ 44
0.0%

Summary: The Monett 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 increased by 22.2%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
613+116.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monett, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Monett in February 2024, up by 116.7% month-over-month. Of the 13 sold homes, 77% were sold under asking, 8% were sold at asking, and 15% were sold over asking.

Days on Market for Monett, MO

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

Average Sale Time

Feb 2023Feb 2024CHANGE
44 Days24 Days-45.2%

Summary: Homes in Monett had an average of 24 days on market in Feb 2024, down by 45.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monett are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 13 homes were sold in Monett; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 27 Days Ago

Newest Listings in Monett, MO

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