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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fair Grove is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Fair Grove has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fair Grove, MO

How much do homes in Fair Grove, MO cost?

Median Sold Price

$271,250

-

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,250(+2.7%)

Key Takeaway

Homes in Fair Grove have sold for 2.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $180K-
N/A
2 $215K$178K
-17.2%
3 $268K$258.5K
-3.5%
4 $320K$350K
+9.4%
5+ $385K$592.5K
+53.9%

Summary: Fair Grove housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.2%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 53.9%.

Median Sold Price Compared To Nearby Cities

Jackson No. 1 Township
+4.2%
Fair Grove
+2.7%

Housing Supply in Fair Grove, MO

How many homes are available in Fair Grove, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1419+35.7%

Summary: The Fair Grove real estate market had 19 homes for sale in May 2024, a 35.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 79
+28.6%
4 67
+16.7%
5+ 13
+200.0%

Summary: The Fair Grove 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 increased by 28.6%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Apr 2024May 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fair Grove, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Fair Grove in May 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Fair Grove, MO

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

Average Sale Time

May 2023May 2024CHANGE
18 Days34 Days+92.6%

Summary: Homes in Fair Grove had an average of 34 days on market in May 2024, up by 92.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 6 homes were sold in Fair Grove; 17% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 0% 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 Fair Grove, MO

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