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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phelps is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Phelps has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Phelps, MO

How much do homes in Phelps, MO cost?

Median Sold Price

$220,000

-

Based on all homes sold in April 2024.

Difference Since Last Month

+$35,000(+18.9%)

Key Takeaway

Homes in Phelps have sold for 18.9% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$220K
N/A
3 $185K-
N/A
4 --
N/A
5+ --
N/A

Summary: Phelps housing prices by bedroom type for April 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Phelps, MO

How many homes are available in Phelps, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
58+60.0%

Summary: The Phelps real estate market had 8 homes for sale in April 2024, a 60.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 35
+66.7%
4 22
0.0%
5+ 00
0.0%

Summary: The Phelps housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phelps, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Phelps in April 2024, up by 100.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Phelps, MO

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

Average Sale Time

Mar 2024Apr 2024CHANGE
11 Days0 Days-95.5%

Summary: Homes in Phelps had an average of 0 days on market in Apr 2024, down by 95.5% compared to last month.

Breakdown of Home Sale Times

2 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 Phelps are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 2 homes were sold in Phelps; 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 6 Days Ago

Newest Listings in Phelps, MO

Nearby Markets to Phelps, MO