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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McDonald County is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in McDonald County, MO

How much do homes in McDonald County, MO cost?

Median Sold Price

$239,893

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$51,893(+27.6%)

Key Takeaway

Homes in McDonald County have sold for 27.6% more than they did a year ago.

Summary: The median home sold price in McDonald County was $239,893 in November 2024, up 27.6% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $42.5K$232.5K
+447.1%
2 $125K$145.7K
+16.6%
3 $227K$240K
+5.7%
4 $209.9K$337K
+60.6%
5+ $430.7K$552.4K
+28.3%

Summary: McDonald County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 447.1%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 60.6%, and 5+ bedroom homes increased by 28.3%.

Median Sold Price Compared To Nearby Counties

McDonald County
+27.6%
Newton County
+11.6%
Benton County
+5.9%
Delaware County
+2.8%
Barry County
-7.1%

Housing Supply in McDonald County, MO

How many homes are available in McDonald County, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7877-1.3%

Summary: The McDonald County real estate market had 77 homes for sale in November 2024, a 1.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 2223
+4.5%
3 3532
-8.6%
4 1417
+21.4%
5+ 54
-20.0%

Summary: The McDonald County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McDonald County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in McDonald County in November 2024, down by 35.7% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for McDonald County, MO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days167 Days+176.9%

Summary: Homes in McDonald County had an average of 167 days on market in Nov 2024, up by 176.9% 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 McDonald County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 9 homes were sold in McDonald County; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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 20 Days Ago

Newest Listings in McDonald County, MO

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