Is Reeds Spring, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Reeds Spring is a buyer's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Reeds Spring was a Seller's Market.

Key Takeaway

Reeds Spring is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Reeds Spring, MO

How much do homes in Reeds Spring, MO cost?

Median Sold Price

$336,500

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,500(+8.5%)

Key Takeaway

Homes in Reeds Spring have sold for 8.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $153K$207.3K
+35.5%
2 $240K$215.2K
-10.3%
3 $315K$299.9K
-4.8%
4 $450K$548.5K
+21.9%
5+ $568K$615K
+8.3%

Summary: Reeds Spring housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.5%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Reeds Spring
+8.5%
Ruth A Township
+3.4%

Housing Supply in Reeds Spring, MO

How many homes are available in Reeds Spring, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
127138+8.7%

Summary: The Reeds Spring real estate market had 138 homes for sale in April 2024, a 8.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 54
-20.0%
2 2227
+22.7%
3 4148
+17.1%
4 3435
+2.9%
5+ 2524
-4.0%

Summary: The Reeds Spring housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Reeds Spring, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Reeds Spring in April 2024, down by 14.3% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.

Days on Market for Reeds Spring, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
43 Days31 Days-27.2%

Summary: Homes in Reeds Spring had an average of 31 days on market in Apr 2024, down by 27.2% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 12 homes were sold in Reeds Spring; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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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