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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joplin is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Joplin, MO

How much do homes in Joplin, MO cost?

Median Sold Price

$179,806

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$11,408(+6.8%)

Key Takeaway

Homes in Joplin have sold for 6.8% more than they did a year ago.

Summary: The median home sold price in Joplin was $179,806 in March 2024, up 6.8% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $45K$45K
0.0%
2 $90.1K$108.5K
+20.3%
3 $174.9K$184.5K
+5.5%
4 $271.3K$295K
+8.7%
5+ $357.5K$418.5K
+17.1%

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 5.5%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Joplin
+6.8%
Shoal Creek Township
-1.9%

Housing Supply in Joplin, MO

How many homes are available in Joplin, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
352379+7.7%

Summary: The Joplin real estate market had 379 homes for sale in March 2024, a 7.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 26
+200.0%
2 7179
+11.3%
3 182193
+6.0%
4 6363
0.0%
5+ 3438
+11.8%

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 11.3%, 3 bedroom homes increased by 6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 11.8%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
7892+17.9%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 92 homes were sold or pending in Joplin in March 2024, up by 17.9% month-over-month. Of the 90 sold homes, 50% were sold under asking, 20% 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 2023Mar 2024CHANGE
64 Days67 Days+4.5%

Summary: Homes in Joplin had an average of 67 days on market in Mar 2024, up by 4.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

56 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 92 homes were sold in Joplin; 15% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 22% 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 23 Days Ago

Newest Listings in Joplin, MO

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