Boone County is currently classified as a seller’s market, with a market gauge reading of 23 and only 1.8 months of supply compared with 3 months statewide in Missouri. With just 708 active listings, inventory has dropped more than 20 percent over the past year even as the typical home value sits around $339,000, noticeably above the state median of about $299,000.
Prices show a mix of stability and modest pressure, as the typical home value is down slightly year over year while the median list price is up nearly 8 percent. At the same time, the average sale-to-list ratio has edged down to about 96 percent, and no recent sales have closed above list price, suggesting buyers have gained a bit more room to negotiate.
Demand indicators remain strong, with homes sold up slightly year over year and pending sales jumping nearly 19 percent while new listings are essentially flat. Even though the median days on market has lengthened compared with recent months, almost one in five homes is still going off the market within two weeks, underscoring that well-priced properties move quickly. Buyers trying to time offers and sellers setting realistic list prices can both benefit from a local expert, and Agent Pronto can connect them with a Boone County agent who understands these conditions.
