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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Neosho is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Neosho, MO

How much do homes in Neosho, MO cost?

Median Sold Price

$204,900

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,600(+13.6%)

Key Takeaway

Homes in Neosho have sold for 13.6% more than they did a year ago.

Summary: The median home sold price in Neosho was $204,900 in October 2024, up 13.6% from last year, and the median price per square foot was $119.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $102.4K$200K
+95.2%
2 $125K$122.5K
-2.0%
3 $180.5K$200K
+10.8%
4 $244.9K$261.5K
+6.8%
5+ $275K$372.5K
+35.5%

Summary: Neosho housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 95.2%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 35.5%.

Median Sold Price Compared To Nearby Cities

Neosho
+13.6%
Neosho Township
+12.9%

Housing Supply in Neosho, MO

How many homes are available in Neosho, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
154155+0.6%

Summary: The Neosho real estate market had 155 homes for sale in October 2024, a 0.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 2017
-15.0%
3 7784
+9.1%
4 3334
+3.0%
5+ 2018
-10.0%

Summary: The Neosho housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3631-13.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neosho, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Neosho in October 2024, down by 13.9% month-over-month. Of the 15 sold homes, 40% were sold under asking, 13% were sold at asking, and 47% were sold over asking.

Days on Market for Neosho, MO

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

Average Sale Time

Oct 2023Oct 2024CHANGE
53 Days67 Days+25.7%

Summary: Homes in Neosho had an average of 67 days on market in Oct 2024, up by 25.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 31 homes were sold in Neosho; 10% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% 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

Newest Listings in Neosho, MO

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