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 neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Mountain Grove 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 Mountain Grove, MO

How much do homes in Mountain Grove, MO cost?

Median Sold Price

$145,250

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$40,750(+39.0%)

Key Takeaway

Homes in Mountain Grove have sold for 39% more than they did a year ago.

Summary: The median home sold price in Mountain Grove was $145,250 in April 2024, up 39% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $84.8K$45.7K
-46.0%
2 $60.5K$85K
+40.5%
3 $144.9K$152.1K
+5.0%
4 $197.3K$235K
+19.1%
5+ $330K$220K
-33.3%

Summary: Mountain Grove housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46%, 2 bedroom homes increased by 40.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 33.3%.

Median Sold Price Compared To Nearby Cities

Mountain Grove
+39.0%
Mountain Grove Township
+21.0%

Housing Supply in Mountain Grove, MO

How many homes are available in Mountain Grove, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4654+17.4%

Summary: The Mountain Grove real estate market had 54 homes for sale in April 2024, a 17.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 910
+11.1%
3 2429
+20.8%
4 89
+12.5%
5+ 44
0.0%

Summary: The Mountain Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 20.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
58+60.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mountain Grove in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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

Apr 2023Apr 2024CHANGE
32 Days73 Days+126.3%

Summary: Homes in Mountain Grove had an average of 73 days on market in Apr 2024, up by 126.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 8 homes were sold in Mountain Grove; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% 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 13 Days Ago

Newest Listings in Mountain Grove, MO

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