Is Mountain Grove, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mountain Grove was a Seller's Market.
Housing Prices in Mountain Grove, MO
How much do homes in Mountain Grove, MO cost?
Median Sold Price
$145,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mountain Grove was $145,500 in May 2024, up 20% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.8K | $17K | -80.0% |
2 Bedrooms | $61.1K | $85K | +39.0% |
3 Bedrooms | $154K | $150.5K | -2.3% |
4 Bedrooms | $181.3K | $240K | +32.4% |
5+ Bedrooms | $362.5K | $220K | -39.3% |
Summary: Mountain Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 80%, 2 bedroom homes increased by 39%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Cities
Mountain Grove | $121.2K | $145.5K | +20.0% |
Mountain Grove Township | $129.5K | $145.5K | +12.4% |
Housing Supply in Mountain Grove, MO
How many homes are available in Mountain Grove, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 68 | +28.3% |
Summary: The Mountain Grove real estate market had 68 homes for sale in May 2024, a 28.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 29 | 41 | +41.4% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Mountain Grove housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 41.4%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mountain Grove in May 2024, down by 33.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Mountain Grove, MO
How long does it take to sell a home in Mountain Grove, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 98 Days | +110.8% |
Summary: Homes in Mountain Grove had an average of 98 days on market in May 2024, up by 110.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Mountain Grove; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.