Fair Grove had ten homes for sale at the end of August 2026. Ten. That is the whole market. Seven closed during the month at a median of $296,000, and they went under contract in a median of seven days — the fastest pace of any city in this report, and down from 52 days a year ago.
Here is what happened, and the important caveat about reading numbers from a market this small.
Absorption rate: 2.03 months. Fair Grove is absorbing inventory at 2.03 months of supply. Anything under 6 months is a seller’s market; under 3 months is strong seller territory.
The smallest market in the report, and the tightest
Fair Grove’s absorption rate is 2.03 months — the lowest number in this report by a comfortable margin, and deep into strong seller’s-market territory. Active inventory fell 37.5% year over year to 10 homes. Seven sold during the month. Median time to contract was seven days against 52 last August, an 86% drop. Every one of those figures says the same thing: there is almost nothing for sale in Fair Grove, and what appears does not last. This is a genuine scarcity market, not a statistical artifact.
| Price band | August 2025 sold | August 2026 sold | Change |
|---|---|---|---|
| $50K – $100K | 0 | 1 | N/A |
| $120K – $140K | 1 | 0 | −100% |
| $160K – $180K | 0 | 1 | N/A |
| $250K – $300K | 0 | 2 | N/A |
| $300K – $400K | 3 | 2 | −33% |
| $400K – $500K | 1 | 0 | −100% |
| $500K – $600K | 1 | 0 | −100% |
| $1M – $1.5M | 0 | 1 | N/A |
Source: regional MLS, August 2026 vs. August 2025, residential sold listings, Fair Grove (Greene County), MO.
Why the price numbers move in opposite directions
The median fell 8.4% to $296,000 while the average rose 8.1% to $366,129. Both are true and neither means much on its own, because Fair Grove closed seven homes. Two sales at the bottom — one between $50,000 and $100,000, one between $160,000 and $180,000 — pulled the median down. One sale above $1 million pulled the average up. Change any one of those three transactions and both numbers move by tens of thousands of dollars. The year-to-date median of $323,000 versus $328,000, down 1.5% across 34 sales, is the only price figure here worth planning around. Fair Grove values are essentially flat year over year.
What buyers should know right now
- There were ten active listings in the entire town at the end of August. If Fair Grove is where you want to be, set up instant alerts and be prepared to see a home the day it lists.
- A seven-day median contract time is the fastest in this report. There is no deliberating window in this market.
- Homes sold at 97.6% of list and 95.6% of original list — the widest original-to-final gap in this report, which means some Fair Grove sellers do reduce before selling. Patience on a stale listing can pay here.
- Fair Grove is USDA-eligible across most of the area and sits about 20 minutes northeast of Springfield in the Fair Grove R-X district. Note that it is not a discount market — the year-to-date median of $323,000 runs well above Springfield’s.
What sellers should know right now
- You are selling into the tightest inventory in the metro — 10 active listings and 2.03 months of supply. There is essentially no competition.
- Homes went under contract in a median of seven days. If yours is priced correctly and shows well, expect activity in the first week.
- Do not price off the $366,129 average — that number carries a single million-dollar sale. The year-to-date median of $323,000 is the realistic anchor for a typical Fair Grove home.
- The 95.6% sale-to-original-list ratio says the sellers who did reduce, reduced meaningfully. Getting the price right at listing is worth more here than in any larger market.
Year-to-date trends (Jan–Aug 2026 vs. 2025)
With only ten homes on the market in the whole town, Fair Grove sellers have almost no competition. Find out what that is worth with a real, agent-reviewed valuation.
Or call Zac directly at 417-413-4305 for a 10-minute market conversation.
What this means for the rest of 2026
Fair Grove’s constraint is inventory and it is getting tighter, not looser — active listings down 37.5% for the month and 16.2% year to date, new listings down 12.1% year to date. With 43 pending contracts year to date against 34 closings, demand is comfortably ahead of supply. Expect fast contract times to continue and expect the flat year-to-date price line to start rising if listings do not pick up.
The bigger picture
A word on reading Fair Grove reports at all: this town closes about four homes a month. Monthly percentages here will swing wildly and should be treated as directional at best. The figures that hold up are the ones built on the full year — 34 sales year to date against 36 last year, a median of $323,000 against $328,000, and inventory down 16.2%. Those say Fair Grove is a stable, small, extremely tight market where prices are flat and homes sell fast. That has been true all year and August did not change it.
Fair Grove real estate: frequently asked questions
Is now a good time to buy a home in Fair Grove, MO?
Fair Grove had just 10 active listings in August 2026, down 37.5% from a year ago, with an absorption rate of 2.0 months of supply — the tightest market in this report. Homes went under contract in a median of seven days. Buying here requires being ready to act immediately; there is very little inventory and it does not sit.
Are home prices going up or down in Fair Grove, MO?
Fair Grove’s median sale price was $296,000 in August 2026, down 8.4% from a year ago, while the average rose 8.1% to $366,129. Both figures come from just seven sales and move in opposite directions because of a handful of transactions. The year-to-date median of $323,000 versus $328,000, down 1.5%, is the reliable measure — Fair Grove values are essentially flat.
How fast do homes sell in Fair Grove, MO?
The median home in Fair Grove went under contract in seven days in August 2026 (cumulative days on market), down from 52 days a year earlier. That is the fastest pace of any city in this report. With only 10 active listings in town, well-priced homes are selling almost immediately.
How much does a home cost in Fair Grove, MO?
Fair Grove homes sold at a median of $296,000 in August 2026, with a year-to-date median of $323,000 that is more representative given the small number of monthly sales. The town closes roughly four homes a month, so monthly figures swing widely. Fair Grove sits about 20 minutes northeast of Springfield and most of the area qualifies for USDA financing.
Figures reflect residential for-sale activity in Fair Grove (Greene County), MO for August 2026 compared with August 2025, based on regional MLS summary data downloaded September 1, 2026. Counts are taken from MLS price-band totals, which reflect sales with a reported sale price. Days on market is reported as median CDOM (cumulative days on market). Market data is provided for general information and is not a guarantee of future results or a substitute for professional or financial advice.