Is Jennings, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $20.7K | -48.1% |
| 2 Bedrooms | $48K | $52K | +8.3% |
| 3 Bedrooms | $87K | $63.6K | -26.8% |
| 4 Bedrooms | $139K | $90K | -35.3% |
| 5+ Bedrooms | $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 | $53.7K | $64K | +19.1% |
| Jennings | $53.1K | $55K | +3.6% |
| Norwood Township | $76K | $68.1K | -10.4% |
Housing Supply in Jennings, MO
How many homes are available in Jennings, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 67 | 67 | 0.0% |
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
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 41 | 33 | -19.5% |
| 3 Bedrooms | 16 | 25 | +56.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 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 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -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
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 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 79 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
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.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.