Is Lanagan, MO 64847 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Lanagan is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Lanagan housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

McDonald County, MO

Population	390
Median income	$37,273
Average income	$50,129
Median home value	$57,500
Median rent	$705/month
Owner-occupied	40% of homes
Median year built	1963

Natural hazard riskExtreme heat (relatively high), tornadoes (relatively high), winter storms (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 64847; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 64847

Prefilled for 64847Can I win this house?Multiple-offer likelihood for a listing Prefilled for 64847Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Anderson 64831Buyer’s market $175 /sq ft Goodman 64843Seller’s market $143 /sq ft Noel 64854Buyer’s market $153 /sq ft Pineville 64856Buyer’s market $165 /sq ft Browse all markets →

Where Lanagan is

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Questions about Lanagan real estate

What are property taxes in Lanagan?

About 0.46% of a home’s value a year in McDonald County, or roughly $1,840 on a $400,000 home.

Local agents

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More tools for 64847

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value McDonald County property taxes McDonald County loan limits Closing costs in Missouri Hottest ZIP codes in Missouri

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology