Is Mountain Grove Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Grove Township is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Mountain Grove Township was a Seller's Market.

Key Takeaway

Mountain Grove Township is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Mountain Grove Township, MO

How much do homes in Mountain Grove Township, MO cost?

Median Sold Price

$145,250

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,250(+21.0%)

Key Takeaway

Homes in Mountain Grove Township have sold for 21% more than they did a year ago.

Summary: The median home sold price in Mountain Grove Township was $145,250 in April 2024, up 21% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $84.8K$45.7K
-46.0%
2 $61.1K$85K
+39.0%
3 $147.5K$152.1K
+3.1%
4 $217.3K$235K
+8.1%
5+ $362.5K$220K
-39.3%

Summary: Mountain Grove Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46%, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 39.3%.

Median Sold Price Compared To Nearby Cities

Mountain Grove
+39.0%
Mountain Grove Township
+21.0%

Housing Supply in Mountain Grove Township, MO

How many homes are available in Mountain Grove Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4654+17.4%

Summary: The Mountain Grove Township real estate market had 54 homes for sale in April 2024, a 17.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 910
+11.1%
3 2429
+20.8%
4 89
+12.5%
5+ 44
0.0%

Summary: The Mountain Grove Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Grove Township, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mountain Grove Township in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Mountain Grove Township, MO

How long does it take to sell a home in Mountain Grove Township, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days73 Days+126.3%

Summary: Homes in Mountain Grove Township had an average of 73 days on market in Apr 2024, up by 126.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Mountain Grove Township; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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 5 Days Ago

Newest Listings in Mountain Grove Township, MO

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What housing markets are near Mountain Grove Township, MO?