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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neosho is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

+$31,875(+18.1%)

Key Takeaway

Homes in Neosho have sold for 18.1% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $221K$69K
-68.8%
2 $114K$119K
+4.4%
3 $179.6K$210.2K
+17.0%
4 $219.5K$252K
+14.8%
5+ $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
+18.6%
Neosho
+18.1%
West Benton Township
+5.7%

Housing Supply in Neosho, MO

How many homes are available in Neosho, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
118115-2.5%

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

# BEDSMar 2024Apr 2024CHANGE
1 44
0.0%
2 1818
0.0%
3 6358
-7.9%
4 2523
-8.0%
5+ 812
+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 2024Apr 2024CHANGE
3128-9.7%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

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 2023Apr 2024CHANGE
61 Days72 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Neosho are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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