Is Shell Knob Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Shell Knob Township is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Shell Knob Township has remained a Seller's Market.

Key Takeaway

Shell Knob Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Shell Knob Township, MO

How much do homes in Shell Knob Township, MO cost?

Median Sold Price

$400,000

-

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$67,500(+20.3%)

Key Takeaway

Homes in Shell Knob Township have sold for 20.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $195K$204.5K
+4.9%
2 $224K$200K
-10.7%
3 $335K$400K
+19.4%
4 $440K$639K
+45.2%
5+ $760.8K$720K
-5.4%

Summary: Shell Knob Township housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 10.7%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 45.2%, and 5+ bedroom homes decreased by 5.4%.

Median Sold Price Compared To Nearby Cities

Alpine Township
+37.2%
Shell Knob Township
+20.3%
Shell Knob
+6.2%
Golden
-2.1%
White River Township
-13.9%

Housing Supply in Shell Knob Township, MO

How many homes are available in Shell Knob Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3950+28.2%

Summary: The Shell Knob Township real estate market had 50 homes for sale in April 2024, a 28.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 34
+33.3%
2 79
+28.6%
3 1722
+29.4%
4 910
+11.1%
5+ 35
+66.7%

Summary: The Shell Knob Township housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 29.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
59+80.0%

Asking Price vs. Sold Price

7 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 Shell Knob Township, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Shell Knob Township in April 2024, up by 80.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.

Days on Market for Shell Knob Township, MO

How long does it take to sell a home in Shell Knob Township, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
22 Days37 Days+68.8%

Summary: Homes in Shell Knob Township had an average of 37 days on market in Apr 2024, up by 68.8% compared to last year.

Breakdown of Home Sale Times

5 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

Many homes in Shell Knob Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 9 homes were sold in Shell Knob Township; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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 28 Days Ago

Newest Listings in Shell Knob Township, MO

Nearby Markets to Shell Knob Township, MO

What housing markets are near Shell Knob Township, MO?