Welcome to Partin Real Estate’s latest report for the Bolivar, Missouri housing market in September 2023. In this article, we will provide a summary of the housing market conditions and key trends that unfolded during the month of September 2023 according to Rocket Homes. If you’re considering buying or selling a home in Bolivar, this report will offer valuable insights into the current state of the market. If you’re interested to see how the numbers compare to June 2023, check out our last housing market update.
Seller’s Market Persists in Bolivar, MO
The Bolivar housing market in September continued to experience a seller’s market, favoring those looking to sell their homes. With high demand and limited housing inventory, sellers held a strong position in negotiations.
Median Sold Price
The median sold price for homes in Bolivar during September 2023 stood at $225,000, with a price per square foot of $347. This represents a noteworthy increase of $25,000, or 12.5%, compared to September 2022. The steady rise in median prices underscores the growing value of properties in the area.
Housing Inventory
In August 2023, Bolivar had 62 homes available for sale, and this number increased to 72 in September 2023. While inventory expanded slightly, the market remained relatively tight, keeping the pressure on buyers.
Number of Homes Sold
During August 2023, 11 homes were sold, and this number increased to 16 in September 2023. This uptick in sales activity indicates continued buyer interest in the Bolivar housing market.
Asking Price vs. Sold Price
In September 2023, 50% of homes in Bolivar were sold below their asking price, presenting attractive opportunities for buyers. Additionally, 31% of homes sold at the asking price, while 19% were sold over the asking price. This data highlights the importance of expert guidance from real estate professionals, as skilled agents can help negotiate favorable terms for both buyers and sellers.
Average Sale Time
The average sale time in Bolivar was consistent with previous months, with homes selling in an average of 22 days in September 2023, compared to 21 days in the same month of the previous year. Most notably, 63% of homes were sold in under 30 days, demonstrating the continued brisk pace of the market.
Conclusion: Bolivar Housing Market in September
September 2023 reinforced the presence of a seller’s market in Bolivar, MO, with rising median sold prices and steady demand. Despite these conditions, buyers can still find advantageous opportunities, with 50% of homes selling below their asking price.
Get in Touch with Partin Real Estate for a Full Market Review
Whether you’re interested in buying or selling a home in Bolivar, now is the time to take action. With a seller’s market in place, it’s crucial to partner with a trusted and knowledgeable real estate agency like Partin Real Estate. Our experienced agents possess a deep understanding of the local market and can guide you through the process, ensuring you achieve your real estate goals. Explore our current listings online or contact us today to discuss your specific needs.
