Is West Plains, 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, West Plains has remained a Seller's Market.
Housing Prices in West Plains, MO
How much do homes in West Plains, MO cost?
Median Sold Price
$198,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Plains was $198,500 in May 2024, up 16.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.7K | $269K | +159.3% |
2 Bedrooms | $90.9K | $126.5K | +39.1% |
3 Bedrooms | $166.2K | $197K | +18.5% |
4 Bedrooms | $255K | $305K | +19.6% |
5+ Bedrooms | $355.5K | $355K | -0.1% |
Summary: West Plains housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 159.3%, 2 bedroom homes increased by 39.1%, 3 bedroom homes increased by 18.5%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
West Plains | $169.9K | $198.5K | +16.8% |
Howell Township | $168.8K | $193.2K | +14.4% |
Housing Supply in West Plains, MO
How many homes are available in West Plains, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
154 | 167 | +8.4% |
Summary: The West Plains real estate market had 167 homes for sale in May 2024, a 8.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 23 | -8.0% |
3 Bedrooms | 74 | 85 | +14.9% |
4 Bedrooms | 36 | 39 | +8.3% |
5+ Bedrooms | 18 | 19 | +5.6% |
Summary: The West Plains 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 decreased by 8%, 3 bedroom homes increased by 14.9%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 29 | +38.1% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in West Plains in May 2024, up by 38.1% month-over-month. Of the 26 sold homes, 81% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for West Plains, MO
How long does it take to sell a home in West Plains, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 103 Days | +158.4% |
Summary: Homes in West Plains had an average of 103 days on market in May 2024, up by 158.4% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in West Plains; 38% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.