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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Monett is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Monett was a Neutral Market.

Key Takeaway

Monett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Monett, MO

How much do homes in Monett, MO cost?

Median Sold Price

$282,500

$143/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$57,500(+25.6%)

Key Takeaway

Homes in Monett have sold for 25.6% more than they did a month ago.

Summary: The median home sold price in Monett was $282,500 in November 2024, up 25.6% from last month, and the median price per square foot was $143.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 $249.5K-
N/A
2 $179K-
N/A
3 $225K$282.5K
+25.6%
4 --
N/A
5+ --
N/A

Summary: Monett housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 25.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Monett
+25.6%
Monett Township
+25.6%
Pierce Township
+2.2%

Housing Supply in Monett, MO

How many homes are available in Monett, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6864-5.9%

Summary: The Monett real estate market had 64 homes for sale in November 2024, a 5.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 43
-25.0%
2 41
-75.0%
3 4040
0.0%
4 1514
-6.7%
5+ 56
+20.0%

Summary: The Monett housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 75%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
11110.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Monett, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Monett in November 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Monett, MO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
94 Days135 Days+43.2%

Summary: Homes in Monett had an average of 135 days on market in Nov 2024, up by 43.2% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Monett are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in Monett; 9% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 9% 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 2 Days Ago

Newest Listings in Monett, MO

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