Is Neosho, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Neosho has remained a Seller's Market.
Housing Prices in Neosho, MO
How much do homes in Neosho, MO cost?
Median Sold Price
$208,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Neosho was $208,000 in April 2024, up 18.1% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $221K | $69K | -68.8% |
2 Bedrooms | $114K | $119K | +4.4% |
3 Bedrooms | $179.6K | $210.2K | +17.0% |
4 Bedrooms | $219.5K | $252K | +14.8% |
5+ Bedrooms | $241.3K | $270K | +11.9% |
Summary: Neosho housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.8%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Cities
Neosho Township | $177.1K | $210K | +18.6% |
Neosho | $176.1K | $208K | +18.1% |
West Benton Township | $201K | $212.5K | +5.7% |
Housing Supply in Neosho, MO
How many homes are available in Neosho, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
118 | 115 | -2.5% |
Summary: The Neosho real estate market had 115 homes for sale in April 2024, a 2.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 63 | 58 | -7.9% |
4 Bedrooms | 25 | 23 | -8.0% |
5+ Bedrooms | 8 | 12 | +50.0% |
Summary: The Neosho housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Neosho in April 2024, down by 9.7% month-over-month. Of the 26 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.
Days on Market for Neosho, MO
How long does it take to sell a home in Neosho, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
61 Days | 72 Days | +17.1% |
Summary: Homes in Neosho had an average of 72 days on market in Apr 2024, up by 17.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Neosho; 43% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.