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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summersville is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Summersville was a Buyer's Market.

Key Takeaway

Summersville 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 Summersville, MO

How much do homes in Summersville, MO cost?

Median Sold Price

$253,500

-

Based on all homes sold in May 2024.

Difference Since Last Month

+$154,500(+156.1%)

Key Takeaway

Homes in Summersville have sold for 156.1% more than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 $99K-
N/A
3 -$165K
N/A
4 -$342K
N/A
5+ --
N/A

Summary: Summersville housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Summersville
+156.1%
Summersville
+156.1%

Housing Supply in Summersville, MO

How many homes are available in Summersville, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1112+9.1%

Summary: The Summersville real estate market had 12 homes for sale in May 2024, a 9.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 10
-100.0%
3 77
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Summersville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summersville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Summersville in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Summersville, MO

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

Average Sale Time

Apr 2024May 2024CHANGE
4 Days196 Days+4800.0%

Summary: Homes in Summersville had an average of 196 days on market in May 2024, up by 4800% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Summersville are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During May 2024, 2 homes were sold in Summersville; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

Newest Listings in Summersville, MO

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