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 October 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

$189,814

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,413(+7.6%)

Key Takeaway

Homes in Joplin have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Joplin was $189,814 in October 2024, up 7.6% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $43K$60.2K
+40.1%
2 $106K$115.7K
+9.2%
3 $180K$198.2K
+10.1%
4 $295.1K$278K
-5.8%
5+ $384.5K$484.5K
+26.0%

Summary: Joplin housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 40.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 26%.

Median Sold Price Compared To Nearby Cities

Joplin
+8.1%
Duquesne
+7.7%
Joplin
+7.6%
Joplin Township
+5.8%

Housing Supply in Joplin, MO

How many homes are available in Joplin, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
405419+3.5%

Summary: The Joplin real estate market had 419 homes for sale in October 2024, a 3.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 87
-12.5%
2 8170
-13.6%
3 214225
+5.1%
4 7381
+11.0%
5+ 2936
+24.1%

Summary: The Joplin housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 13.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 24.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
104102-1.9%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

20 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. 41.7% of homes here sold below asking price last month.

Summary: A total of 102 homes were sold or pending in Joplin in October 2024, down by 1.9% month-over-month. Of the 84 sold homes, 42% were sold under asking, 35% were sold at asking, and 24% 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

Oct 2023Oct 2024CHANGE
66 Days61 Days-7.6%

Summary: Homes in Joplin had an average of 61 days on market in Oct 2024, down by 7.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

64 Homes Were Sold
In 30 - 90 Days

11 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 October 2024, 102 homes were sold in Joplin; 9% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 11% 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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