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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joplin is a buyer's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Joplin was a Neutral Market.

Key Takeaway

Joplin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Joplin, MO cost?

Median Sold Price

$130,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$11,875(+10.1%)

Key Takeaway

Homes in Joplin have sold for 10.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $25K$60K
+140.0%
2 $74.9K$69.5K
-7.2%
3 $130.4K$150K
+15.0%
4 $189K$200K
+5.8%
5+ $330.7K$350K
+5.8%

Median Sold Price Compared To Nearby Cities

Shoal Creek Township
+30.3%
Joplin
+10.1%

How many homes are available in Joplin, MO?

Number of Homes For Sale

Mar 2022Apr 2022%
189269+42.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 46
+50.0%
2 3347
+42.4%
3 105151
+43.8%
4 3041
+36.7%
5+ 1724
+41.2%

Number of Homes Sold

Mar 2022Apr 2022%
1718+5.9%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
41 Days29 Days-27.9%

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Joplin are selling fast, if you're buying plan to act quickly.

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

About Joplin, MO

Homes for sale in Joplin, MO have reached 269. The number of listings in Joplin, MO increased by 42.3% between March 2022 and April 2022. In April 2022 median list price was $130,000 and the average listing age was 29 days. Real estate listing prices changed between March 2022 and April 2022: 1 bedroom properties prices increased by 140%, prices of 2 bedrooms properties went down by 7.2%, prices of 3 bedrooms properties increased by 15%, 4 bedrooms properties became 5.8% more expensive, 5 bedrooms properties prices increased by 5.8%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes went up by 50%, 2 bedrooms homes inventory increased by 42.4%, volume of 3 bedrooms homes went up by 43.8%, the quantity of 4 bedrooms homes went up by 36.7%, number of 5 bedrooms homes increased by 41.2%. While more than 9 listings in Joplin, MO in April 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 5 were sold below.

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