Is McDonald County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McDonald County is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, McDonald County was a Seller's Market.

Key Takeaway

McDonald County 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 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

+$55,400(+32.3%)

Key Takeaway

Homes in McDonald County have sold for 32.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $249.5K$76.2K
-69.4%
2 $97.9K$138K
+40.9%
3 $179.9K$233.7K
+29.9%
4 $188K$250K
+33.0%
5+ $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
+32.3%
Barry County
+10.3%
Delaware County
+7.1%
Newton County
+6.1%
Benton County
+4.3%

Housing Supply in McDonald County, MO

How many homes are available in McDonald County, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8990+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

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 1516
+6.7%
3 4642
-8.7%
4 2124
+14.3%
5+ 56
+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 2024May 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McDonald County, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.

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 2023May 2024CHANGE
77 Days69 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in McDonald County has remained consistent over time.

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.

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 McDonald County, MO

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