Is Lamar, 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, Lamar has remained a Seller's Market.
Housing Prices in Lamar, MO
How much do homes in Lamar, MO cost?
Median Sold Price
$147,250
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lamar was $147,250 in May 2024, up 5.9% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $89.5K | $112.5K | +25.7% |
3 Bedrooms | $137K | $147.2K | +7.5% |
4 Bedrooms | $150K | $167.5K | +11.7% |
5+ Bedrooms | $330.5K | $29K | -91.2% |
Summary: Lamar 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 increased by 25.7%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes decreased by 91.2%.
Median Sold Price Compared To Nearby Cities
City Township | $131.4K | $146K | +11.1% |
Lamar | $139K | $147.2K | +5.9% |
Lamar Township | $139K | $147.2K | +5.9% |
Housing Supply in Lamar, MO
How many homes are available in Lamar, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 55 | +31.0% |
Summary: The Lamar real estate market had 55 homes for sale in May 2024, a 31.0% 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 | 6 | 12 | +100.0% |
3 Bedrooms | 23 | 30 | +30.4% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lamar 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 100%, 3 bedroom homes increased by 30.4%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 12 | +140.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lamar in May 2024, up by 140.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
61 Days | 71 Days | +17.2% |
Summary: Homes in Lamar had an average of 71 days on market in May 2024, up by 17.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Lamar; 8% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.