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 October 2023

At the same time last year, Lamar was a Seller'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

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,500(+10.4%)

Key Takeaway

Homes in Lamar have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Lamar was $153,500 in October 2024, up 10.4% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $81K$130K
+60.5%
3 $145.5K$180K
+23.7%
4 $220.3K$154.4K
-29.9%
5+ -$29K
N/A

Summary: Lamar housing prices by bedroom type for October 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 23.7%, 4 bedroom homes decreased by 29.9%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Lamar
+10.4%
Lamar Township
+10.4%
City Township
+5.5%

Housing Supply in Lamar, MO

How many homes are available in Lamar, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4036-10.0%

Summary: The Lamar real estate market had 36 homes for sale in October 2024, a 10.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 75
-28.6%
3 2422
-8.3%
4 44
0.0%
5+ 54
-20.0%

Summary: The Lamar housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
155-66.7%

Asking Price vs. Sold Price

2 Homes Were 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 Lamar, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Lamar in October 2024, down by 66.7% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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

Oct 2023Oct 2024CHANGE
85 Days117 Days+37.9%

Summary: Homes in Lamar had an average of 117 days on market in Oct 2024, up by 37.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Lamar are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in Lamar; 0% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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

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