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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phelps County is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Phelps County, MO cost?

Median Sold Price

$179,970

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$18,386(+11.4%)

Key Takeaway

Homes in Phelps County have sold for 11.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $70.2K$80K
+14.0%
2 $87.1K$95.7K
+9.9%
3 $157.1K$174.9K
+11.3%
4 $251.2K$255K
+1.5%
5+ $296K$399.9K
+35.1%

Median Sold Price Compared To Nearby Counties

Pulaski County
+14.3%
Phelps County
+11.4%
Dent County
+10.7%
Maries County
+8.1%
Crawford County
-2.3%

How many homes are available in Phelps County, MO?

Number of Homes For Sale

Sep 2022Oct 2022%
176171-2.8%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 24
+100.0%
2 2624
-7.7%
3 8282
0.0%
4 4845
-6.3%
5+ 1816
-11.1%

Number of Homes Sold

Sep 2022Oct 2022%
4636-21.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phelps County, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
49 Days43 Days-12.8%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Phelps County 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 Phelps County, MO

There are 171 homes are for sale in Phelps County, MO real estate market. In October 2022 in Phelps County, MO there were 2.8% less homes for sale than in September 2022. While the average time on the market in October 2022 was 43 days, the median list price was $179,970. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 14%, the cost of 2 bedrooms properties went up by 9.9%, 3 bedrooms properties prices increased by 11.3%, 4 bedrooms properties prices increased by 1.5%, 5 bedrooms properties prices increased by 35.1%. This housing market inventory have changed: 1 bedroom homes inventory increased by 100%, 2 bedrooms homes became 7.7% less available, the quantity of 3 bedrooms homes have not changed, 4 bedrooms homes became 6.3% less available, volume of 5 bedrooms homes went down by 11.1%. In October 2022, from all listings sold in Phelps County, MO there were more than 8 sold above asking price, over 14 sold below and more than 9 were sold right at the asked price.

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