Is El Dorado Springs, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing El Dorado Springs is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, El Dorado Springs has remained a Seller's Market.

Key Takeaway

El Dorado Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in El Dorado Springs, MO

How much do homes in El Dorado Springs, MO cost?

Median Sold Price

$144,000

$88/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,000(+8.3%)

Key Takeaway

Homes in El Dorado Springs have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in El Dorado Springs was $144,000 in April 2024, up 8.3% from last year, and the median price per square foot was $88.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $53.5K$140K
+161.7%
2 $79.1K$76K
-4.0%
3 $137.2K$158.3K
+15.4%
4 $190K$155K
-18.4%
5+ $249.5K$469.9K
+88.3%

Summary: El Dorado Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 161.7%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 88.3%.

Median Sold Price Compared To Nearby Cities

El Dorado Springs
+8.3%
Box Township
+2.2%

Housing Supply in El Dorado Springs, MO

How many homes are available in El Dorado Springs, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
6862-8.8%

Summary: The El Dorado Springs real estate market had 62 homes for sale in April 2024, a 8.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 10
-100.0%
2 178
-52.9%
3 3339
+18.2%
4 99
0.0%
5+ 86
-25.0%

Summary: The El Dorado Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 52.9%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1812-33.3%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in El Dorado Springs, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in El Dorado Springs in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for El Dorado Springs, MO

How long does it take to sell a home in El Dorado Springs, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
20 Days98 Days+386.8%

Summary: Homes in El Dorado Springs had an average of 98 days on market in Apr 2024, up by 386.8% 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 El Dorado Springs are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 12 homes were sold in El Dorado Springs; 17% of homes were sold within 30 days, 8% 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 18 Days Ago

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