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 May 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

$201,750

$117/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$22,170(+12.3%)

Key Takeaway

Homes in Neosho have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Neosho was $201,750 in May 2024, up 12.3% from last year, and the median price per square foot was $117.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $155K$63.9K
-58.7%
2 $121.7K$118.5K
-2.7%
3 $180.9K$202.9K
+12.2%
4 $244.9K$252K
+2.9%
5+ $290K$270K
-6.9%

Summary: Neosho housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 58.7%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 6.9%.

Median Sold Price Compared To Nearby Cities

Neosho Township
+15.0%
Neosho
+12.3%

Housing Supply in Neosho, MO

How many homes are available in Neosho, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
120124+3.3%

Summary: The Neosho real estate market had 124 homes for sale in May 2024, a 3.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 1915
-21.1%
3 6873
+7.4%
4 2222
0.0%
5+ 811
+37.5%

Summary: The Neosho housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.1%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3027-10.0%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 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. 64% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Neosho in May 2024, down by 10.0% month-over-month. Of the 25 sold homes, 64% were sold under asking, 24% were sold at asking, and 12% 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

May 2023May 2024CHANGE
58 Days54 Days-6.7%

Summary: Homes in Neosho had an average of 54 days on market in May 2024, down by 6.7% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

12 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 Neosho has remained consistent over time.

Summary: During May 2024, 27 homes were sold in Neosho; 41% of homes were sold within 30 days, 44% 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 9 Days Ago

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