Is Webb City, 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, Webb City has remained a Seller's Market.
Housing Prices in Webb City, MO
How much do homes in Webb City, MO cost?
Median Sold Price
$192,000
$131/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Webb City was $192,000 in May 2024, up 9.7% from last year, and the median price per square foot was $131.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $54.2K | $62.5K | +15.2% |
2 Bedrooms | $94.3K | $114.7K | +21.6% |
3 Bedrooms | $173.5K | $190.2K | +9.6% |
4 Bedrooms | $295.7K | $289.4K | -2.1% |
5+ Bedrooms | $315K | $275K | -12.7% |
Summary: Webb City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
Mineral Township | $190K | $235K | +23.7% |
Carterville | $155.2K | $180.5K | +16.3% |
Webb City | $175K | $192K | +9.7% |
Joplin Township | $170K | $179.7K | +5.7% |
Joplin | $174.5K | $180K | +3.1% |
Housing Supply in Webb City, MO
How many homes are available in Webb City, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 93 | -4.1% |
Summary: The Webb City real estate market had 93 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 16 | 11 | -31.3% |
3 Bedrooms | 46 | 52 | +13.0% |
4 Bedrooms | 27 | 24 | -11.1% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Webb City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 31.3%, 3 bedroom homes increased by 13%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 20 | -33.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Webb City in May 2024, down by 33.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 15% were sold at asking, and 45% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 76 Days | +56.1% |
Summary: Homes in Webb City had an average of 76 days on market in May 2024, up by 56.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Webb City; 30% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.