Is Joplin Township, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joplin Township is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Joplin Township has remained a Seller's Market.

Key Takeaway

Joplin Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Joplin Township, MO

How much do homes in Joplin Township, MO cost?

Median Sold Price

$179,727

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,721(+5.7%)

Key Takeaway

Homes in Joplin Township have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Joplin Township was $179,727 in May 2024, up 5.7% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $46.2K$55K
+19.0%
2 $95K$110K
+15.8%
3 $175K$185K
+5.7%
4 $277.2K$278.6K
0.5%
5+ $350K$397.3K
+13.5%

Summary: Joplin Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 13.5%.

Median Sold Price Compared To Nearby Cities

Duquesne
+7.5%
Joplin Township
+5.7%
Joplin
+5.0%
Joplin
+3.1%
Duenweg
-5.2%

Housing Supply in Joplin Township, MO

How many homes are available in Joplin Township, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
443475+7.2%

Summary: The Joplin Township real estate market had 475 homes for sale in May 2024, a 7.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 57
+40.0%
2 102103
+1.0%
3 228244
+7.0%
4 7383
+13.7%
5+ 3538
+8.6%

Summary: The Joplin Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes increased by 8.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
108104-3.7%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin Township, you could pay more than the asking price. 35.9% of homes here sold above asking price last month.

Summary: A total of 104 homes were sold or pending in Joplin Township in May 2024, down by 3.7% month-over-month. Of the 103 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.

Days on Market for Joplin Township, MO

How long does it take to sell a home in Joplin Township, MO?

Average Sale Time

May 2023May 2024CHANGE
62 Days55 Days-10.8%

Summary: Homes in Joplin Township had an average of 55 days on market in May 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

62 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Joplin Township has remained consistent over time.

Summary: During May 2024, 104 homes were sold in Joplin Township; 25% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 14% 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 Joplin Township, MO

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