Is Shannon County, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Shannon County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $97K | $115K | +18.6% |
2 Bedrooms | $157K | $147K | -6.4% |
3 Bedrooms | $106K | $175.5K | +65.6% |
4 Bedrooms | $245K | $191.2K | -21.9% |
5+ Bedrooms | $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 | $157K | $165K | +5.1% |
Texas County | $165K | $160K | -3.0% |
Housing Supply in Shannon County, MO
How many homes are available in Shannon County, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
27 | 26 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 4 | 6 | +50.0% |
5+ Bedrooms | 1 | 1 | 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 2024 | May 2024 | CHANGE |
---|---|---|
3 | 5 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
9 Days | 59 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
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.