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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oronogo is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Oronogo was a Neutral Market.

Key Takeaway

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

Housing Prices in Oronogo, MO

How much do homes in Oronogo, MO cost?

Median Sold Price

$248,500

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$48,025(+24.0%)

Key Takeaway

Homes in Oronogo have sold for 24% more than they did a year ago.

Summary: The median home sold price in Oronogo was $248,500 in March 2024, up 24% from last year, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $68K-
N/A
2 $154.5K$185K
+19.7%
3 $180K$215K
+19.4%
4 $274.7K$312.5K
+13.7%
5+ $275K$527.5K
+91.8%

Summary: Oronogo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 91.8%.

Median Sold Price Compared To Nearby Cities

Oronogo
+24.0%
Mineral Township
+22.2%

Housing Supply in Oronogo, MO

How many homes are available in Oronogo, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4038-5.0%

Summary: The Oronogo real estate market had 38 homes for sale in March 2024, a 5.0% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 00
0.0%
3 2523
-8.0%
4 1211
-8.3%
5+ 11
0.0%

Summary: The Oronogo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oronogo, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Oronogo in March 2024, up by 80.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.

Days on Market for Oronogo, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
49 Days100 Days+102.7%

Summary: Homes in Oronogo had an average of 100 days on market in Mar 2024, up by 102.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 9 homes were sold in Oronogo; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 25 Days Ago

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