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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joplin is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Joplin, MO

How much do homes in Joplin, MO cost?

Median Sold Price

$192,835

$126/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,825(+10.2%)

Key Takeaway

Homes in Joplin have sold for 10.2% more than they did a year ago.

Summary: The median home sold price in Joplin was $192,835 in November 2024, up 10.2% from last year, and the median price per square foot was $126.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $43K$65K
+51.2%
2 $109.5K$116K
+5.9%
3 $180K$199.9K
+11.1%
4 $290K$270K
-6.9%
5+ $384.5K$475K
+23.5%

Summary: Joplin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 51.2%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 23.5%.

Median Sold Price Compared To Nearby Cities

Joplin
+10.2%
Shoal Creek Township
+1.4%

Housing Supply in Joplin, MO

How many homes are available in Joplin, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
391396+1.3%

Summary: The Joplin real estate market had 396 homes for sale in November 2024, a 1.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 67
+16.7%
2 6876
+11.8%
3 213211
-0.9%
4 7269
-4.2%
5+ 3233
+3.1%

Summary: The Joplin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 3.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10969-36.7%

Asking Price vs. Sold Price

39 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Joplin in November 2024, down by 36.7% month-over-month. Of the 60 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.

Days on Market for Joplin, MO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
65 Days80 Days+23.5%

Summary: Homes in Joplin had an average of 80 days on market in Nov 2024, up by 23.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

32 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 69 homes were sold in Joplin; 16% of homes were sold within 30 days, 46% 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 18 Days Ago

Newest Listings in Joplin, MO

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