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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carthage is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Carthage, MO

How much do homes in Carthage, MO cost?

Median Sold Price

$200,000

$123/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,635(+15.4%)

Key Takeaway

Homes in Carthage have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Carthage was $200,000 in March 2024, up 15.4% from last year, and the median price per square foot was $123.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $70K$171K
+144.3%
2 $117K$126K
+7.7%
3 $173K$200K
+15.6%
4 $223.7K$290K
+29.6%
5+ $502.5K$405K
-19.4%

Summary: Carthage housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 144.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes decreased by 19.4%.

Median Sold Price Compared To Nearby Cities

Jackson Township
+20.9%
Carthage
+15.4%
Marion Township
+3.0%

Housing Supply in Carthage, MO

How many homes are available in Carthage, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
87107+23.0%

Summary: The Carthage real estate market had 107 homes for sale in March 2024, a 23.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1220
+66.7%
3 4454
+22.7%
4 1821
+16.7%
5+ 1312
-7.7%

Summary: The Carthage housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 7.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1030+200.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 30 homes were sold or pending in Carthage in March 2024, up by 200.0% month-over-month. Of the 30 sold homes, 73% were sold under asking, 13% were sold at asking, and 13% were sold over asking.

Days on Market for Carthage, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
37 Days67 Days+79.1%

Summary: Homes in Carthage had an average of 67 days on market in Mar 2024, up by 79.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 30 homes were sold in Carthage; 23% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 23% 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 24 Days Ago

Newest Listings in Carthage, MO

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