Is Mexico, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mexico has remained a Seller's Market.
Key Takeaway
Mexico is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mexico, MO
How much do homes in Mexico, MO cost?
Median Sold Price
$146,900
$102/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mexico have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Mexico was $146,900 in May 2024, down 0.7% from last year, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92K | $100.5K | +9.2% |
| 2 Bedrooms | $85K | $111.6K | +31.3% |
| 3 Bedrooms | $155K | $165K | +6.5% |
| 4 Bedrooms | $187.5K | $217K | +15.7% |
| 5+ Bedrooms | $267.7K | $543.7K | +103.1% |
Summary: Mexico housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 103.1%.
Median Sold Price Compared To Nearby Cities
| South Fork Township | $140.3K | $145K | +3.3% |
| Salt River Township | $155K | $157.9K | +1.9% |
| Mexico | $148K | $146.9K | -0.7% |
Housing Supply in Mexico, MO
How many homes are available in Mexico, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 43 | -10.4% |
Summary: The Mexico real estate market had 43 homes for sale in May 2024, a 10.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 13 | 9 | -30.8% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Mexico 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 decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mexico, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Mexico in May 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Mexico, MO
How long does it take to sell a home in Mexico, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 30 Days | -24.5% |
Summary: Homes in Mexico had an average of 30 days on market in May 2024, down by 24.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mexico are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Mexico; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.