Is Mountain Grove, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Grove is a buyer's market

Buyer's
Market

Difference Since September 2021

At the same time last year, Mountain Grove was a Seller's Market.

Key Takeaway

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

How much do homes in Mountain Grove, MO cost?

Median Sold Price

$114,500

$69/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$32,200(+39.1%)

Key Takeaway

Homes in Mountain Grove have sold for 39.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $57K$40.5K
-28.9%
2 $51.5K$67.2K
+30.5%
3 $114.5K$161K
+40.6%
4 $157.2K$164.5K
+4.6%
5+ $168.3K$125K
-25.8%

Median Sold Price Compared To Nearby Cities

Mountain Grove
+39.1%
Mountain Grove Township
+35.5%
Wood Township
+18.3%

How many homes are available in Mountain Grove, MO?

Number of Homes For Sale

Aug 2022Sep 2022%
4240-4.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 01
+100.0%
2 1513
-13.3%
3 2121
0.0%
4 44
0.0%
5+ 21
-50.0%

Number of Homes Sold

Aug 2022Sep 2022%
125-58.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Average Sale Time

Sep 2021Sep 2022%
57 Days31 Days-44.9%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Mountain Grove, MO

There are 40 homes are for sale in Mountain Grove, MO real estate market. The inventory of homes for sale in Mountain Grove, MO between August 2022 and September 2022 decreased by 4.8%. While the average time on the market in September 2022 was 31 days, the median list price was $114,500. This housing market listing prices have changed between August 2022 and September 2022: prices of 1 bedroom properties decreased by 28.9%, 2 bedrooms properties became 30.5% more expensive, 3 bedrooms properties prices increased by 40.6%, prices of 4 bedrooms properties increased by 4.6%, 5 bedrooms properties prices decreased by 25.8%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went up by 100%, 2 bedrooms homes became 13.3% less available, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes remained the same, volume of 5 bedrooms homes went down by 50%. Over 1 listings were sold over their listed price in September 2022 in Mountain Grove, MO. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price.

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