Is McDonald County, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, McDonald County was a Seller's Market.
Housing Prices in McDonald County, MO
How much do homes in McDonald County, MO cost?
Median Sold Price
$227,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in McDonald County was $227,000 in May 2024, up 32.3% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $249.5K | $76.2K | -69.4% |
2 Bedrooms | $97.9K | $138K | +40.9% |
3 Bedrooms | $179.9K | $233.7K | +29.9% |
4 Bedrooms | $188K | $250K | +33.0% |
5+ Bedrooms | $336K | $430.7K | +28.2% |
Summary: McDonald County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 69.4%, 2 bedroom homes increased by 40.9%, 3 bedroom homes increased by 29.9%, 4 bedroom homes increased by 33%, and 5+ bedroom homes increased by 28.2%.
Median Sold Price Compared To Nearby Counties
McDonald County | $171.6K | $227K | +32.3% |
Barry County | $199.4K | $220K | +10.3% |
Delaware County | $247.5K | $265K | +7.1% |
Newton County | $175.1K | $185.8K | +6.1% |
Benton County | $350K | $365.2K | +4.3% |
Housing Supply in McDonald County, MO
How many homes are available in McDonald County, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 90 | +1.1% |
Summary: The McDonald County real estate market had 90 homes for sale in May 2024, a 1.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 15 | 16 | +6.7% |
3 Bedrooms | 46 | 42 | -8.7% |
4 Bedrooms | 21 | 24 | +14.3% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The McDonald County 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 increased by 6.7%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in McDonald County in May 2024, down by 27.8% month-over-month. Of the 13 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for McDonald County, MO
How long does it take to sell a home in McDonald County, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 69 Days | -10.5% |
Summary: Homes in McDonald County had an average of 69 days on market in May 2024, down by 10.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in McDonald County; 23% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.