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
$179,806
$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 $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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $45K | 0.0% |
2 Bedrooms | $90.1K | $108.5K | +20.3% |
3 Bedrooms | $174.9K | $184.5K | +5.5% |
4 Bedrooms | $271.3K | $295K | +8.7% |
5+ Bedrooms | $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 | $168.3K | $179.8K | +6.8% |
Shoal Creek Township | $260K | $255K | -1.9% |
Housing Supply in Joplin, MO
How many homes are available in Joplin, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
352 | 379 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 6 | +200.0% |
2 Bedrooms | 71 | 79 | +11.3% |
3 Bedrooms | 182 | 193 | +6.0% |
4 Bedrooms | 63 | 63 | 0.0% |
5+ Bedrooms | 34 | 38 | +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 2024 | Mar 2024 | CHANGE |
---|---|---|
78 | 92 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 67 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
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.