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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lampe is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Lampe, MO

How much do homes in Lampe, MO cost?

Median Sold Price

$233,500

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$133,500(-36.4%)

Key Takeaway

Homes in Lampe have sold for 36.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $118.5K$166K
+40.1%
2 $165K$127.2K
-22.9%
3 $370K$337.5K
-8.8%
4 $535K$552.5K
+3.3%
5+ $880K$699K
-20.6%

Summary: Lampe housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.1%, 2 bedroom homes decreased by 22.9%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 20.6%.

Median Sold Price Compared To Nearby Cities

Ruth B Rural Township
+1.6%
Pine A Township
-10.0%
Pine B Township
-24.6%
Lampe
-36.4%

Housing Supply in Lampe, MO

How many homes are available in Lampe, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4835-27.1%

Summary: The Lampe real estate market had 35 homes for sale in May 2024, a 27.1% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 178
-52.9%
3 1412
-14.3%
4 88
0.0%
5+ 87
-12.5%

Summary: The Lampe housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 52.9%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
136-53.8%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lampe, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Lampe in May 2024, down by 53.8% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Lampe, MO

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

Average Sale Time

May 2023May 2024CHANGE
91 Days46 Days-48.9%

Summary: Homes in Lampe had an average of 46 days on market in May 2024, down by 48.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Lampe; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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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