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 October 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

$217,466

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,466(+8.7%)

Key Takeaway

Homes in Carthage have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Carthage was $217,466 in October 2024, up 8.7% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $171K$111K
-35.1%
2 $119.9K$128.9K
+7.5%
3 $204.2K$215.8K
+5.7%
4 $258.3K$302.5K
+17.1%
5+ $412.7K$326.9K
-20.8%

Summary: Carthage housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 20.8%.

Median Sold Price Compared To Nearby Cities

Marion Township
+12.5%
Carthage
+8.7%
Jackson Township
+1.2%
Madison Township
-13.2%

Housing Supply in Carthage, MO

How many homes are available in Carthage, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
109114+4.6%

Summary: The Carthage real estate market had 114 homes for sale in October 2024, a 4.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1615
-6.3%
3 6058
-3.3%
4 2128
+33.3%
5+ 1112
+9.1%

Summary: The Carthage housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2718-33.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 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. 61.5% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Carthage in October 2024, down by 33.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% 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

Oct 2023Oct 2024CHANGE
75 Days91 Days+21.1%

Summary: Homes in Carthage had an average of 91 days on market in Oct 2024, up by 21.1% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

8 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 Carthage has remained consistent over time.

Summary: During October 2024, 18 homes were sold in Carthage; 0% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 28% 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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