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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joplin Township is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Joplin Township, MO

How much do homes in Joplin Township, MO cost?

Median Sold Price

$178,631

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$9,577(+5.7%)

Key Takeaway

Homes in Joplin Township have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Joplin Township was $178,631 in March 2024, up 5.7% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $45K$46K
+2.2%
2 $92.1K$108.3K
+17.6%
3 $174.9K$184K
+5.2%
4 $275K$289K
+5.1%
5+ $350K$402.5K
+15.0%

Summary: Joplin Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 15%.

Median Sold Price Compared To Nearby Cities

Duquesne
+10.9%
Joplin
+6.8%
Joplin Township
+5.7%
Joplin
+5.1%
Duenweg
-3.2%

Housing Supply in Joplin Township, MO

How many homes are available in Joplin Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
414437+5.6%

Summary: The Joplin Township real estate market had 437 homes for sale in March 2024, a 5.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 27
+250.0%
2 8996
+7.9%
3 217225
+3.7%
4 6971
+2.9%
5+ 3738
+2.7%

Summary: The Joplin Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 250%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
93112+20.4%

Asking Price vs. Sold Price

53 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin Township, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 112 homes were sold or pending in Joplin Township in March 2024, up by 20.4% month-over-month. Of the 109 sold homes, 49% were sold under asking, 21% were sold at asking, and 30% were sold over asking.

Days on Market for Joplin Township, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
72 Days70 Days-3.0%

Summary: Homes in Joplin Township had an average of 70 days on market in Mar 2024, down by 3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

66 Homes Were Sold
In 30 - 90 Days

28 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Joplin Township has remained consistent over time.

Summary: During March 2024, 112 homes were sold in Joplin Township; 13% of homes were sold within 30 days, 59% of homes were sold within 30 to 90 days, and 25% 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 25 Days Ago

Newest Listings in Joplin Township, MO

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