Is Mountain Grove, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Grove is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Mountain Grove was a Seller's Market.

Key Takeaway

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

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

+$24,250(+20.0%)

Key Takeaway

Homes in Mountain Grove have sold for 20% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $84.8K$17K
-80.0%
2 $61.1K$85K
+39.0%
3 $154K$150.5K
-2.3%
4 $181.3K$240K
+32.4%
5+ $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
+20.0%
Mountain Grove Township
+12.4%

Housing Supply in Mountain Grove, MO

How many homes are available in Mountain Grove, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5368+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

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 107
-30.0%
3 2941
+41.4%
4 813
+62.5%
5+ 46
+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 2024May 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mountain Grove, you may be able to get a good deal. 80% of homes here sold below asking price last month.

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 2023May 2024CHANGE
46 Days98 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mountain Grove has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

Newest Listings in Mountain Grove, MO

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