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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vernon County is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Vernon 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 Vernon County, MO

How much do homes in Vernon County, MO cost?

Median Sold Price

$154,900

$101/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$10,500(+7.3%)

Key Takeaway

Homes in Vernon County have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Vernon County was $154,900 in May 2024, up 7.3% from last year, and the median price per square foot was $101.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $28.5K$200K
+601.8%
2 $51.2K$141.6K
+176.3%
3 $158.7K$150K
-5.5%
4 $185K$270K
+45.9%
5+ $210K$76.2K
-63.7%

Summary: Vernon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 601.8%, 2 bedroom homes increased by 176.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 45.9%, and 5+ bedroom homes decreased by 63.7%.

Median Sold Price Compared To Nearby Counties

Barton County
+15.7%
Vernon County
+7.3%
Cedar County
+1.9%
Saint Clair County
-46.7%

Housing Supply in Vernon County, MO

How many homes are available in Vernon County, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9896-2.0%

Summary: The Vernon County real estate market had 96 homes for sale in May 2024, a 2.0% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 2116
-23.8%
3 5356
+5.7%
4 2121
0.0%
5+ 32
-33.3%

Summary: The Vernon County 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 23.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3116-48.4%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vernon County, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 16 homes were sold or pending in Vernon County in May 2024, down by 48.4% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Vernon County, MO

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

Average Sale Time

May 2023May 2024CHANGE
59 Days74 Days+25.4%

Summary: Homes in Vernon County had an average of 74 days on market in May 2024, up by 25.4% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 16 homes were sold in Vernon County; 0% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% 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 Vernon County, MO

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