Is Jennings, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Jennings was a Buyer's Market.
Housing Prices in Jennings, MO
How much do homes in Jennings, MO cost?
Median Sold Price
$55,000
$64/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jennings was $55,000 in April 2024, up 0.1% from last year, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $40K | $20.7K | -48.1% |
2 Bedrooms | $47.5K | $52K | +9.5% |
3 Bedrooms | $86.5K | $64.3K | -25.6% |
4 Bedrooms | $135K | $90K | -33.3% |
5+ Bedrooms | $86.5K | - | N/A |
Summary: Jennings housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes increased by 9.5%, 3 bedroom homes decreased by 25.6%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Country Club Hills | $57.5K | $65K | +13.0% |
Jennings | $54.9K | $55K | 0.1% |
Norwood Township | $78.9K | $65.7K | -16.7% |
Housing Supply in Jennings, MO
How many homes are available in Jennings, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
76 | 71 | -6.6% |
Summary: The Jennings real estate market had 71 homes for sale in April 2024, a 6.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 0 | -100.0% |
2 Bedrooms | 43 | 41 | -4.7% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 9 | 8 | -11.1% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Jennings housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 21 | +5.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Jennings in April 2024, up by 5.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for Jennings, MO
How long does it take to sell a home in Jennings, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 69 Days | -5.5% |
Summary: Homes in Jennings had an average of 69 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Jennings; 43% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.