Is Carthage, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carthage is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Carthage was a Seller's Market.

Key Takeaway

Carthage is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Carthage, MO

How much do homes in Carthage, MO cost?

Median Sold Price

$216,283

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,533(+7.7%)

Key Takeaway

Homes in Carthage have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Carthage was $216,283 in November 2024, up 7.7% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $171K$111K
-35.1%
2 $125.5K$127K
+1.2%
3 $202.5K$215.6K
+6.5%
4 $263K$329.9K
+25.5%
5+ $431.3K$326.9K
-24.2%

Summary: Carthage housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes decreased by 24.2%.

Median Sold Price Compared To Nearby Cities

Marion Township
+12.5%
Carthage
+7.7%
Jackson Township
+2.6%
Madison Township
-4.4%

Housing Supply in Carthage, MO

How many homes are available in Carthage, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
106104-1.9%

Summary: The Carthage real estate market had 104 homes for sale in November 2024, a 1.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1314
+7.7%
3 5956
-5.1%
4 2224
+9.1%
5+ 119
-18.2%

Summary: The Carthage housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1817-5.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carthage, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Carthage in November 2024, down by 5.6% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Carthage, MO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
87 Days44 Days-49.3%

Summary: Homes in Carthage had an average of 44 days on market in Nov 2024, down by 49.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Carthage has remained consistent over time.

Summary: During November 2024, 17 homes were sold in Carthage; 6% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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