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 May 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

$192,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,000(+9.7%)

Key Takeaway

Homes in Webb City have sold for 9.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $54.2K$62.5K
+15.2%
2 $94.3K$114.7K
+21.6%
3 $173.5K$190.2K
+9.6%
4 $295.7K$289.4K
-2.1%
5+ $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
+23.7%
Carterville
+16.3%
Webb City
+9.7%
Joplin Township
+5.7%
Joplin
+3.1%

Housing Supply in Webb City, MO

How many homes are available in Webb City, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9793-4.1%

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

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 1611
-31.3%
3 4652
+13.0%
4 2724
-11.1%
5+ 65
-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 2024May 2024CHANGE
3020-33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Webb City, you could pay more than the asking price. 45% of homes here sold above asking price last month.

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 2023May 2024CHANGE
49 Days76 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Webb City, MO

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