Is Lamar, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lamar was a Seller's Market.
Housing Prices in Lamar, MO
How much do homes in Lamar, MO cost?
Median Sold Price
$148,700
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lamar was $148,700 in April 2024, up 7% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $89.5K | $103K | +15.1% |
3 Bedrooms | $134K | $146.5K | +9.3% |
4 Bedrooms | $150K | $220.3K | +46.9% |
5+ Bedrooms | $330.5K | - | N/A |
Summary: Lamar housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 46.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
City Township | $129.9K | $146K | +12.4% |
Lamar | $139K | $148.7K | +7.0% |
Lamar Township | $139K | $148.7K | +7.0% |
Housing Supply in Lamar, MO
How many homes are available in Lamar, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Summary: The Lamar real estate market had 42 homes for sale in April 2024, a 31.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 16 | 22 | +37.5% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Lamar housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Lamar in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Lamar, MO
How long does it take to sell a home in Lamar, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 101 Days | +29.9% |
Summary: Homes in Lamar had an average of 101 days on market in Apr 2024, up by 29.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Lamar; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.