Is Mountain Grove, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mountain Grove was a Seller's Market.
Housing Prices in Mountain Grove, MO
How much do homes in Mountain Grove, MO cost?
Median Sold Price
$143,750
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mountain Grove was $143,750 in March 2024, up 25% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.8K | $74.5K | -12.1% |
2 Bedrooms | $54.9K | $85K | +54.8% |
3 Bedrooms | $154K | $152.1K | -1.2% |
4 Bedrooms | $181.3K | $248K | +36.8% |
5+ Bedrooms | $330K | $220K | -33.3% |
Summary: Mountain Grove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 54.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 33.3%.
Median Sold Price Compared To Nearby Cities
Mountain Grove | $115K | $143.7K | +25.0% |
Mountain Grove Township | $136K | $143.7K | +5.7% |
Housing Supply in Mountain Grove, MO
How many homes are available in Mountain Grove, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
41 | 49 | +19.5% |
Summary: The Mountain Grove real estate market had 49 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mountain Grove 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 28.6%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mountain Grove in March 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Mountain Grove, MO
How long does it take to sell a home in Mountain Grove, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 2 Days | -93.6% |
Summary: Homes in Mountain Grove had an average of 2 days on market in Mar 2024, down by 93.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Mountain Grove; 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.