Is Lamar, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lamar is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Lamar has remained a Buyer's Market.

Key Takeaway

Lamar is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Lamar, MO

How much do homes in Lamar, MO cost?

Median Sold Price

$153,500

$107/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,000(+10.0%)

Key Takeaway

Homes in Lamar have sold for 10% more than they did a year ago.

Summary: The median home sold price in Lamar was $153,500 in November 2024, up 10% from last year, and the median price per square foot was $107.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $81K$130K
+60.5%
3 $146K$174K
+19.2%
4 $220.3K$149K
-32.4%
5+ -$179.5K
N/A

Summary: Lamar housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes decreased by 32.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lamar
+10.0%
Lamar Township
+10.0%
City Township
+4.9%

Housing Supply in Lamar, MO

How many homes are available in Lamar, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3433-2.9%

Summary: The Lamar real estate market had 33 homes for sale in November 2024, a 2.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 2019
-5.0%
4 44
0.0%
5+ 54
-20.0%

Summary: The Lamar housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lamar, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Lamar in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Lamar, MO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
91 Days31 Days-66.2%

Summary: Homes in Lamar had an average of 31 days on market in Nov 2024, down by 66.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lamar has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Lamar; 0% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Lamar, MO

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