Is Joplin, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Joplin has remained a Seller's Market.
Housing Prices in Joplin, MO
How much do homes in Joplin, MO cost?
Median Sold Price
$180,041
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Joplin was $180,041 in May 2024, up 3.1% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $49K | +8.9% |
2 Bedrooms | $95K | $110K | +15.8% |
3 Bedrooms | $179K | $185K | +3.4% |
4 Bedrooms | $277.9K | $295K | +6.2% |
5+ Bedrooms | $365K | $425K | +16.4% |
Summary: Joplin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
Duquesne | $232.5K | $249.9K | +7.5% |
Joplin Township | $170K | $179.7K | +5.7% |
Joplin | $171.4K | $180K | +5.0% |
Joplin | $174.5K | $180K | +3.1% |
Housing Supply in Joplin, MO
How many homes are available in Joplin, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
368 | 406 | +10.3% |
Summary: The Joplin real estate market had 406 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 6 | +100.0% |
2 Bedrooms | 82 | 90 | +9.8% |
3 Bedrooms | 186 | 202 | +8.6% |
4 Bedrooms | 65 | 72 | +10.8% |
5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Joplin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 91 | +9.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Joplin in May 2024, up by 9.6% month-over-month. Of the 90 sold homes, 33% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 53 Days | -15.9% |
Summary: Homes in Joplin had an average of 53 days on market in May 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
59 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 91 homes were sold in Joplin; 21% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.