Fair Grove had just 10 homes for sale at the end of September 2026, down 41.2% from a year ago and the tightest supply in this report. Seven homes closed at a median of $267,000. But buyers were not paying full price: sellers got 92.7% of final list price, the lowest in the report.
Here is how a market can be this tight and still see buyers negotiate, plus the usual caution about a town this small.
Absorption rate: 2.00 months. Fair Grove has 2.00 months of supply at the current sales pace. Under 6 months is generally a seller’s market; under 3 months is strong seller territory.
Tight supply, but buyers are negotiating
Fair Grove’s absorption rate was 2.00 months, the lowest of the eight cities in this report. Only 10 homes were listed at month end. Normally that means full-price offers. Instead, homes sold at 92.7% of final list price and 90.1% of original list price, the lowest ratios in the report. With only seven sales, two or three homes that sold well below asking can pull that number down, so it is a caution flag rather than a trend. Homes that sold went under contract in a median of 30 days, down from 64 a year ago.
| Price band | September 2025 sold | September 2026 sold | Change |
|---|---|---|---|
| Under $50K | 0 | 1 | N/A |
| $100K – $120K | 0 | 1 | N/A |
| $160K – $180K | 2 | 0 | −100% |
| $200K – $250K | 1 | 1 | 0% |
| $250K – $300K | 0 | 1 | N/A |
| $400K – $500K | 2 | 1 | −50% |
| $500K – $600K | 0 | 2 | N/A |
Source: Southern Missouri Regional MLS via Flexmls, September 2026 vs. September 2025, residential closed sales with a reported sale price, Fair Grove (Greene County), MO.
Why the September median is not the number to use
The median rose +24.2% to $267,000 and the average was $308,543. Seven sales spread from under $50,000 to $550,000, so either number can swing tens of thousands of dollars on one sale. The year-to-date figures are the reliable ones: 41 sales, the same as 2025, at a median of $322,000 against $326,000, down 1.2%. Fair Grove values are flat for the year.
What buyers should know right now
- There are very few homes for sale: 11 active listings as of October 2. Set up instant alerts if Fair Grove is your target.
- Sellers accepted 92.7% of list price on average in September. If a home has been sitting, an offer below asking may get a response.
- Most of what is listed is priced high. The median active listing was $424,900, well above the year-to-date sale median of $322,000.
- Fair Grove sits about 20 minutes northeast of Springfield, much of it is USDA-eligible, and it is in the Fair Grove R-X district. It is not a discount market: the year-to-date median is well above Springfield’s $249,000.
What sellers should know right now
- You face almost no competition: 10 active listings at the end of September.
- But buyers are price-sensitive. September sellers got 92.7% of final list price. Price at the year-to-date median range, not at the top of the active listings.
- Homes went under contract in a median of 30 days in September and 20 days year to date, far faster than the 47 days in 2025.
- With so few sales each month, a local broker’s read on recent comparable sales matters more here than in larger towns.
Year-to-date trends (Jan–Sep 2026 vs. 2025)
With only 10 homes listed in Fair Grove, the right price can sell fast. Find out what yours would sell for 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 year to date shows 41 sales, unchanged from 2025, and 48 new contracts against 50. Inventory totaled across the year is 20.0% lower. Expect supply to stay very tight and prices to stay flat, with buyers pushing back on homes priced above recent sales.
The bigger picture
Fair Grove closes about four or five homes a month, so one month’s percentages swing hard. The year tells the real story: the same number of sales as 2025, flat prices, much faster sales, and less inventory. September’s low sale-to-list ratio is worth watching, but it is based on seven sales.
Fair Grove real estate: frequently asked questions
Is now a good time to buy a home in Fair Grove, MO?
Fair Grove had only 10 active listings at the end of September 2026, down 41.2% from a year ago, with 2.00 months of supply. Buyers have very few options, but homes sold at 92.7% of list price in September, so there can be room to negotiate on homes that have been listed for a while.
Are home prices going up or down in Fair Grove, MO?
Fair Grove’s September 2026 median was $267,000, up 24.2% from a year ago, but that is based on seven sales. The year-to-date median is $322,000, down 1.2% from 2025, so values are essentially flat.
How fast do homes sell in Fair Grove, MO?
The median Fair Grove home that sold in September 2026 went under contract in 30 days of cumulative market time, down from 64 a year earlier. Year to date, the median is 20 days, compared with 47 in 2025.
How much does a home cost in Fair Grove, MO?
Fair Grove homes sold at a median of $267,000 in September 2026, with a year-to-date median of $322,000, which is the better guide given only a handful of sales each month. Fair Grove’s year-to-date median is above Springfield’s.
Figures reflect residential sales in Fair Grove (Greene County), MO for September 2026 compared with September 2025, pulled from the Southern Missouri Regional MLS via Flexmls on October 2, 2026. Sold counts, prices and price bands use closed sales with a reported sale price. Days on market is the median CDOM (cumulative days on market). Active inventory, pending sales, new listings, sale-to-list ratios and absorption are the MLS monthly statistics. Year-to-date figures cover January through September. Prior-month figures can shift slightly as late sales are recorded. Market data is provided for general information and is not a guarantee of future results or a substitute for professional or financial advice.