Is Monett, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monett is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Monett has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Monett, MO

How much do homes in Monett, MO cost?

Median Sold Price

$206,250

$111/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$31,250(+17.9%)

Key Takeaway

Homes in Monett have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in Monett was $206,250 in May 2024, up 17.9% from last year, and the median price per square foot was $111.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $58.7K$81K
+37.9%
2 $116K$131K
+12.9%
3 $179.5K$215K
+19.8%
4 $230K$227.9K
-0.9%
5+ $260K$273.2K
+5.1%

Summary: Monett housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.9%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 5.1%.

Median Sold Price Compared To Nearby Cities

Monett
+17.9%
Monett Township
+17.9%
Pierce Township
+5.4%

Housing Supply in Monett, MO

How many homes are available in Monett, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6573+12.3%

Summary: The Monett real estate market had 73 homes for sale in May 2024, a 12.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 4141
0.0%
4 1319
+46.2%
5+ 13
+200.0%

Summary: The Monett housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
817+112.5%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monett, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Monett in May 2024, up by 112.5% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% were sold over asking.

Days on Market for Monett, MO

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

Average Sale Time

May 2023May 2024CHANGE
69 Days44 Days-36.0%

Summary: Homes in Monett had an average of 44 days on market in May 2024, down by 36% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 17 homes were sold in Monett; 47% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 12% 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 1 Day Ago

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