Is Shell Knob, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shell Knob is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Shell Knob was a Seller's Market.

Key Takeaway

Shell Knob is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Shell Knob, MO

How much do homes in Shell Knob, MO cost?

Median Sold Price

$385,000

-

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$8,500(+2.3%)

Key Takeaway

Homes in Shell Knob have sold for 2.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $225.2K$195K
-13.4%
2 $223K$254.9K
+14.3%
3 $381.5K$375K
-1.7%
4 $607.5K$577.5K
-4.9%
5+ $578K$800K
+38.4%

Summary: Shell Knob housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.4%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 38.4%.

Median Sold Price Compared To Nearby Cities

Shell Knob Township
+16.7%
Shell Knob
+2.3%
White River Township
-10.2%

Housing Supply in Shell Knob, MO

How many homes are available in Shell Knob, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3640+11.1%

Summary: The Shell Knob real estate market had 40 homes for sale in March 2024, a 11.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 03
+100.0%
2 89
+12.5%
3 1415
+7.1%
4 1110
-9.1%
5+ 33
0.0%

Summary: The Shell Knob housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Shell Knob, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Shell Knob in March 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Shell Knob, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
102 Days141 Days+38.7%

Summary: Homes in Shell Knob had an average of 141 days on market in Mar 2024, up by 38.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 4 homes were sold in Shell Knob; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 22 Days Ago

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