Is Jennings, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jennings is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Jennings has remained a Seller's Market.

Key Takeaway

Jennings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jennings, MO

How much do homes in Jennings, MO cost?

Median Sold Price

$55,000

$63/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,900(+3.6%)

Key Takeaway

Homes in Jennings have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Jennings was $55,000 in May 2024, up 3.6% from last year, and the median price per square foot was $63.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $40K$20.7K
-48.1%
2 $48K$52K
+8.3%
3 $87K$63.6K
-26.8%
4 $139K$90K
-35.3%
5+ $68K$67.9K
-0.1%

Summary: Jennings housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 26.8%, 4 bedroom homes decreased by 35.3%, and 5+ bedroom homes decreased by 0.1%.

Median Sold Price Compared To Nearby Cities

Country Club Hills
+19.1%
Jennings
+3.6%
Norwood Township
-10.4%

Housing Supply in Jennings, MO

How many homes are available in Jennings, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
67670.0%

Summary: The Jennings real estate market had 67 homes for sale in May 2024, the same as April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 4133
-19.5%
3 1625
+56.3%
4 86
-25.0%
5+ 22
0.0%

Summary: The Jennings housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19.5%, 3 bedroom homes increased by 56.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2215-31.8%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jennings, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Jennings in May 2024, down by 31.8% month-over-month. Of the 15 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Jennings, MO

How long does it take to sell a home in Jennings, MO?

Average Sale Time

May 2023May 2024CHANGE
24 Days79 Days+219.4%

Summary: Homes in Jennings had an average of 79 days on market in May 2024, up by 219.4% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Jennings has remained consistent over time.

Summary: During May 2024, 15 homes were sold in Jennings; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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MLS Disclaimers and Copyright

Based on information from Mid America Regional Information System for the period 06/01/2022 - 06/01/2024

IDX Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.

Listings courtesy of MARIS MLS as distributed by MLS GRID. Copyright © 2024 Mid America Regional Information System (MARIS). All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/13/2024, 10:23:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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