Is Neosho, 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, Neosho has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $63.9K | -58.7% |
2 Bedrooms | $121.7K | $118.5K | -2.7% |
3 Bedrooms | $180.9K | $202.9K | +12.2% |
4 Bedrooms | $244.9K | $252K | +2.9% |
5+ Bedrooms | $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 | $179.5K | $206.4K | +15.0% |
Neosho | $179.5K | $201.7K | +12.3% |
Housing Supply in Neosho, MO
How many homes are available in Neosho, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
120 | 124 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 19 | 15 | -21.1% |
3 Bedrooms | 68 | 73 | +7.4% |
4 Bedrooms | 22 | 22 | 0.0% |
5+ Bedrooms | 8 | 11 | +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 2024 | May 2024 | CHANGE |
---|---|---|
30 | 27 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
58 Days | 54 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
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.