Is Mexico, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mexico has remained a Seller's Market.
Housing Prices in Mexico, MO
How much do homes in Mexico, MO cost?
Median Sold Price
$146,900
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mexico was $146,900 in April 2024, up 4.6% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $96.2K | N/A |
2 Bedrooms | $85K | $125.9K | +48.2% |
3 Bedrooms | $152.4K | $154.1K | +1.1% |
4 Bedrooms | $187.5K | $217K | +15.7% |
5+ Bedrooms | $255.5K | $471.8K | +84.7% |
Summary: Mexico 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 48.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 84.7%.
Median Sold Price Compared To Nearby Cities
South Fork Township | $130K | $146K | +12.3% |
Mexico | $140.3K | $146.9K | +4.6% |
Housing Supply in Mexico, MO
How many homes are available in Mexico, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 46 | +24.3% |
Summary: The Mexico real estate market had 46 homes for sale in April 2024, a 24.3% 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 | 12 | 14 | +16.7% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mexico 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 38.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Mexico in April 2024, up by 11.1% month-over-month. Of the 7 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Mexico, MO
How long does it take to sell a home in Mexico, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 33 Days | -3.5% |
Summary: Homes in Mexico had an average of 33 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Mexico; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.