Is Joplin, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Joplin has remained a Seller's Market.
Housing Prices in Joplin, MO
How much do homes in Joplin, MO cost?
Median Sold Price
$180,027
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Joplin was $180,027 in March 2024, up 5.1% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $45K | 0.0% |
2 Bedrooms | $90.1K | $108.5K | +20.3% |
3 Bedrooms | $176.6K | $184.7K | +4.6% |
4 Bedrooms | $275K | $295K | +7.3% |
5+ Bedrooms | $360K | $437.5K | +21.5% |
Summary: Joplin housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 21.5%.
Median Sold Price Compared To Nearby Cities
Duquesne | $230K | $255K | +10.9% |
Joplin | $168.3K | $179.8K | +6.8% |
Joplin Township | $169K | $178.6K | +5.7% |
Joplin | $171.3K | $180K | +5.1% |
Housing Supply in Joplin, MO
How many homes are available in Joplin, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
373 | 400 | +7.2% |
Summary: The Joplin real estate market had 400 homes for sale in March 2024, a 7.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 6 | +200.0% |
2 Bedrooms | 72 | 80 | +11.1% |
3 Bedrooms | 194 | 204 | +5.2% |
4 Bedrooms | 69 | 70 | +1.4% |
5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The Joplin housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
79 | 94 | +19.0% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 94 homes were sold or pending in Joplin in March 2024, up by 19.0% month-over-month. Of the 92 sold homes, 49% were sold under asking, 21% were sold at asking, and 30% were sold over asking.
Days on Market for Joplin, MO
How long does it take to sell a home in Joplin, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
66 Days | 69 Days | +4.8% |
Summary: Homes in Joplin had an average of 69 days on market in Mar 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During March 2024, 94 homes were sold in Joplin; 15% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.