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 April 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

$180,108

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$11,739(+7.0%)

Key Takeaway

Homes in Joplin have sold for 7% more than they did a year ago.

Summary: The median home sold price in Joplin was $180,108 in April 2024, up 7% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $44K$45.5K
+3.4%
2 $91.9K$109.7K
+19.4%
3 $174.5K$185K
+6.0%
4 $272.3K$295.3K
+8.4%
5+ $350K$405K
+15.7%

Summary: Joplin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Cities

Joplin
+7.0%
Shoal Creek Township
-2.3%
Leawood
-22.0%

Housing Supply in Joplin, MO

How many homes are available in Joplin, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
356354-0.6%

Summary: The Joplin real estate market had 354 homes for sale in April 2024, a 0.6% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 53
-40.0%
2 7979
0.0%
3 181180
-0.6%
4 5658
+3.6%
5+ 3534
-2.9%

Summary: The Joplin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.9%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
9679-17.7%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin, you could pay more than the asking price. 36.4% of homes here sold above asking price last month.

Summary: A total of 79 homes were sold or pending in Joplin in April 2024, down by 17.7% month-over-month. Of the 77 sold homes, 32% were sold under asking, 31% were sold at asking, and 36% 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

Apr 2023Apr 2024CHANGE
59 Days60 Days+1.2%

Summary: Homes in Joplin had an average of 60 days on market in Apr 2024, up by 1.2% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

13 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 April 2024, 79 homes were sold in Joplin; 20% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 16% 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 2 Days Ago

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