Is Fair Grove, 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, Fair Grove has remained a Seller's Market.
Housing Prices in Fair Grove, MO
How much do homes in Fair Grove, MO cost?
Median Sold Price
$271,250
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | - | N/A |
2 Bedrooms | $215K | $178K | -17.2% |
3 Bedrooms | $268K | $258.5K | -3.5% |
4 Bedrooms | $320K | $350K | +9.4% |
5+ Bedrooms | $385K | $592.5K | +53.9% |
Summary: Fair Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 53.9%.
Median Sold Price Compared To Nearby Cities
Jackson No. 1 Township | $245.7K | $255.9K | +4.2% |
Fair Grove | $264K | $271.2K | +2.7% |
Housing Supply in Fair Grove, MO
How many homes are available in Fair Grove, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 19 | +35.7% |
Summary: The Fair Grove real estate market had 19 homes for sale in May 2024, a 35.7% increase 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 | 0 | 0 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Fair Grove 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 remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Fair Grove in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Fair Grove, MO
How long does it take to sell a home in Fair Grove, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 34 Days | +92.6% |
Summary: Homes in Fair Grove had an average of 34 days on market in May 2024, up by 92.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Fair Grove; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.