Is Prairie Home, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prairie Home is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Prairie Home was a Seller's Market.

Key Takeaway

Prairie Home is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Prairie Home, MO

How much do homes in Prairie Home, MO cost?

Median Sold Price

$135,000

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,000(+27.4%)

Key Takeaway

Homes in Prairie Home have sold for 27.4% more than they did a year ago.

Summary: The median home sold price in Prairie Home was $135,000 in October 2024, up 27.4% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $70K$267.5K
+282.1%
3 $125.5K$113K
-10.0%
4 --
N/A
5+ -$1
N/A

Summary: Prairie Home 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 282.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Prairie Home
+27.4%
Prairie Home Township
+27.4%

Housing Supply in Prairie Home, MO

How many homes are available in Prairie Home, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
46+50.0%

Summary: The Prairie Home real estate market had 6 homes for sale in October 2024, a 50.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 23
+50.0%
4 00
0.0%
5+ 01
+100.0%

Summary: The Prairie Home housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was 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 Prairie Home, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Prairie Home in October 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Prairie Home, MO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
7 Days221 Days+3057.1%

Summary: Homes in Prairie Home had an average of 221 days on market in Oct 2024, up by 3057.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were 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

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

Summary: During October 2024, 1 homes were sold in Prairie Home; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

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