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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Noel is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Noel was a Neutral Market.

Key Takeaway

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

Housing Prices in Noel, MO

How much do homes in Noel, MO cost?

Median Sold Price

$185,000

$106/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$64,500(+53.5%)

Key Takeaway

Homes in Noel have sold for 53.5% more than they did a month ago.

Summary: The median home sold price in Noel was $185,000 in March 2024, up 53.5% from last month, and the median price per square foot was $106.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 --
N/A
3 $120.5K$185K
+53.5%
4 --
N/A
5+ --
N/A

Summary: Noel housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 53.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Noel
+53.5%
Elk River West Township
+53.5%

Housing Supply in Noel, MO

How many homes are available in Noel, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
128-33.3%

Summary: The Noel real estate market had 8 homes for sale in March 2024, a 33.3% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 22
0.0%
3 73
-57.1%
4 33
0.0%
5+ 00
0.0%

Summary: The Noel 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 remained the same, 3 bedroom homes decreased by 57.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Noel, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Noel in March 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Noel, MO

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

Average Sale Time

Feb 2024Mar 2024CHANGE
76 Days139 Days+81.7%

Summary: Homes in Noel had an average of 139 days on market in Mar 2024, up by 81.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Noel are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 1 homes were sold in Noel; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 24 Days Ago

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