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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon County is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Vernon County was a Seller's Market.

Key Takeaway

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

Housing Prices in Vernon County, MO

How much do homes in Vernon County, MO cost?

Median Sold Price

$161,700

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$17,400(+12.1%)

Key Takeaway

Homes in Vernon County have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Vernon County was $161,700 in March 2024, up 12.1% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $28.5K$200K
+601.8%
2 $63.7K$45K
-29.4%
3 $144.4K$174K
+20.5%
4 $304.5K$204.7K
-32.8%
5+ $210K$76.2K
-63.7%

Summary: Vernon County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 601.8%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 20.5%, 4 bedroom homes decreased by 32.8%, and 5+ bedroom homes decreased by 63.7%.

Median Sold Price Compared To Nearby Counties

Barton County
+17.1%
Vernon County
+12.1%
Cedar County
+3.9%

Housing Supply in Vernon County, MO

How many homes are available in Vernon County, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8595+11.8%

Summary: The Vernon County real estate market had 95 homes for sale in March 2024, a 11.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 2225
+13.6%
3 3541
+17.1%
4 2326
+13.0%
5+ 43
-25.0%

Summary: The Vernon County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
913+44.4%

Asking Price vs. Sold Price

3 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 Vernon County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Vernon County in March 2024, up by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Vernon County, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
44 Days75 Days+71.2%

Summary: Homes in Vernon County had an average of 75 days on market in Mar 2024, up by 71.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Vernon County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During March 2024, 13 homes were sold in Vernon County; 15% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 23% 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 23 Days Ago

Newest Listings in Vernon County, MO

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