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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shannon County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Shannon County has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Shannon County, MO

How much do homes in Shannon County, MO cost?

Median Sold Price

$165,000

$108/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,999(+5.1%)

Key Takeaway

Homes in Shannon County have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in Shannon County was $165,000 in May 2024, up 5.1% from last year, and the median price per square foot was $108.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $97K$115K
+18.6%
2 $157K$147K
-6.4%
3 $106K$175.5K
+65.6%
4 $245K$191.2K
-21.9%
5+ $341.5K$266.7K
-21.9%

Summary: Shannon County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.6%, 2 bedroom homes decreased by 6.4%, 3 bedroom homes increased by 65.6%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 21.9%.

Median Sold Price Compared To Nearby Counties

Shannon County
+5.1%
Texas County
-3.0%

Housing Supply in Shannon County, MO

How many homes are available in Shannon County, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2726-3.7%

Summary: The Shannon County real estate market had 26 homes for sale in May 2024, a 3.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 44
0.0%
3 1411
-21.4%
4 46
+50.0%
5+ 11
0.0%

Summary: The Shannon County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

3 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 Shannon County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Shannon County in May 2024, up by 66.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Shannon County, MO

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

Average Sale Time

May 2023May 2024CHANGE
9 Days59 Days+522.9%

Summary: Homes in Shannon County had an average of 59 days on market in May 2024, up by 522.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Shannon County; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 Shannon County, MO

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