Is Webb City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Webb City is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Webb City, MO

How much do homes in Webb City, MO cost?

Median Sold Price

$189,900

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$13,968(+7.9%)

Key Takeaway

Homes in Webb City have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Webb City was $189,900 in April 2024, up 7.9% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $33K$58.7K
+78.0%
2 $94.7K$110.5K
+16.6%
3 $175K$189.8K
+8.5%
4 $294.2K$289.9K
-1.5%
5+ $314.9K$358.7K
+13.9%

Summary: Webb City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 78%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 13.9%.

Median Sold Price Compared To Nearby Cities

Mineral Township
+23.7%
Carterville
+17.6%
Webb City
+7.9%
Joplin Township
+6.4%
Joplin
+5.1%

Housing Supply in Webb City, MO

How many homes are available in Webb City, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9991-8.1%

Summary: The Webb City real estate market had 91 homes for sale in April 2024, a 8.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 1817
-5.6%
3 4844
-8.3%
4 2523
-8.0%
5+ 75
-28.6%

Summary: The Webb City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2827-3.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Webb City, expect to pay close to the asking price. 38.5% of homes here sold near the asking price last month.

Summary: A total of 27 homes were sold or pending in Webb City in April 2024, down by 3.6% month-over-month. Of the 26 sold homes, 31% were sold under asking, 38% were sold at asking, and 31% were sold over asking.

Days on Market for Webb City, MO

How long does it take to sell a home in Webb City, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
46 Days76 Days+64.0%

Summary: Homes in Webb City had an average of 76 days on market in Apr 2024, up by 64% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Webb City has remained consistent over time.

Summary: During April 2024, 27 homes were sold in Webb City; 19% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 15% 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

Newest Listings in Webb City, MO

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