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 Last Month

Since last month, 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.

Housing Prices in Phelps County, MO

How much do homes in Phelps County, MO cost?

Median Sold Price

$255,000

-

Based on all homes sold in March 2024.

Difference Since Last Month

-$25,000(-8.9%)

Key Takeaway

Homes in Phelps County have sold for 8.9% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 -$255K
N/A
3 --
N/A
4 $280K-
N/A
5+ --
N/A

Summary: Phelps County 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Phelps County, MO

How many homes are available in Phelps County, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
145148+2.1%

Summary: The Phelps County real estate market had 148 homes for sale in March 2024, a 2.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1616
0.0%
3 6974
+7.2%
4 3540
+14.3%
5+ 2417
-29.2%

Summary: The Phelps County 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 increased by 7.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 29.2%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3237+15.6%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phelps County, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 37 homes were sold or pending in Phelps County in March 2024, up by 15.6% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Phelps County, MO

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

Average Sale Time

Feb 2024Mar 2024CHANGE
63 Days55 Days-12.4%

Summary: Homes in Phelps County had an average of 55 days on market in Mar 2024, down by 12.4% compared to last month.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

10 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.

Summary: During March 2024, 37 homes were sold in Phelps County; 41% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 27% 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 15 Days Ago

Newest Listings in Phelps County, MO

Nearby Markets to Phelps County, MO

What housing markets are near Phelps County, MO?