Is now a good time to buy land in the Missouri area?
the Missouri area is currently a strong buyer's market with 19.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
Comprehensive market data and analysis
19.2 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Mineral Point, Missouri | ||||||
the Missouri area is currently a strong buyer's market with 19.2 months of supply. Buyers have more negotiating power and can take time to find the right property.
the Missouri area currently has 19.2 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The 3-month absorption rate in the Missouri area is 5.2%. The 12-month rate is 5.6%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
The current absorption rate in the Missouri area is 5.2% (3-month basis), indicating slow demand. The top-performing broker in this market is Midwest Land Group.
Over the past 12 months, the Missouri area saw 6,004 properties sold. In just the last 3 months, 1,406 properties changed hands.
Land in the Missouri area typically sells within 132 days of listing. The median time on market is 61 days. Properties are moving slowly in the current strong buyer's market.
There are currently 9,005 active listings in the Missouri area. 2,800 new listings have hit the market in the last 90 days. The median asking price is $85K.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.