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 March 2023

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.

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

+$28,750(+25.0%)

Key Takeaway

Homes in Mountain Grove have sold for 25% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $84.8K$74.5K
-12.1%
2 $54.9K$85K
+54.8%
3 $154K$152.1K
-1.2%
4 $181.3K$248K
+36.8%
5+ $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
+25.0%
Mountain Grove Township
+5.7%

Housing Supply in Mountain Grove, MO

How many homes are available in Mountain Grove, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4149+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

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 79
+28.6%
3 2326
+13.0%
4 89
+12.5%
5+ 24
+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 2024Mar 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Grove, you may be able to get a good deal. 40% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
37 Days2 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 17 Days Ago

Newest Listings in Mountain Grove, MO

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