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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mountain Grove Township is a neutral's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

Mountain Grove Township 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 Township, MO

How much do homes in Mountain Grove Township, MO cost?

Median Sold Price

$145,250

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$25,250(+21.0%)

Key Takeaway

Homes in Mountain Grove Township have sold for 21% more than they did a year ago.

Summary: The median home sold price in Mountain Grove Township was $145,250 in April 2024, up 21% 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 $61.1K$85K
+39.0%
3 $147.5K$152.1K
+3.1%
4 $217.3K$235K
+8.1%
5+ $362.5K$220K
-39.3%

Summary: Mountain Grove Township 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 39%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 39.3%.

Median Sold Price Compared To Nearby Cities

Mountain Grove
+39.0%
Mountain Grove Township
+21.0%

Housing Supply in Mountain Grove Township, MO

How many homes are available in Mountain Grove Township, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4654+17.4%

Summary: The Mountain Grove Township 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 Township 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 Township, 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 Township 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 Township, MO

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

Average Sale Time

Apr 2023Apr 2024CHANGE
32 Days73 Days+126.3%

Summary: Homes in Mountain Grove Township 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 8 homes were sold in Mountain Grove Township; 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 Township, MO

Nearby Markets to Mountain Grove Township, MO

What housing markets are near Mountain Grove Township, MO?