Is Reeds Spring, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Reeds Spring was a Seller's Market.
Housing Prices in Reeds Spring, MO
How much do homes in Reeds Spring, MO cost?
Median Sold Price
$349,900
-
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $148.5K | $207.3K | +39.6% |
2 Bedrooms | $240K | $222K | -7.5% |
3 Bedrooms | $299.5K | $300K | 0.2% |
4 Bedrooms | $489.9K | $535K | +9.2% |
5+ Bedrooms | $571.5K | $610K | +6.7% |
Summary: Reeds Spring housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.6%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Reeds Spring | $299K | $349.9K | +17.0% |
Ruth A Township | $290K | $300K | +3.4% |
Housing Supply in Reeds Spring, MO
How many homes are available in Reeds Spring, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
110 | 132 | +20.0% |
Summary: The Reeds Spring real estate market had 132 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 39 | 43 | +10.3% |
4 Bedrooms | 26 | 36 | +38.5% |
5+ Bedrooms | 21 | 26 | +23.8% |
Summary: The Reeds Spring 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 increased by 15%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 14 | +133.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Reeds Spring in March 2024, up by 133.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and 7% were sold over asking.
Days on Market for Reeds Spring, MO
How long does it take to sell a home in Reeds Spring, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
73 Days | 66 Days | -9.6% |
Summary: Homes in Reeds Spring had an average of 66 days on market in Mar 2024, down by 9.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Reeds Spring; 29% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.