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 November 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

$210,000

$121/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$26,250(+14.3%)

Key Takeaway

Homes in Neosho have sold for 14.3% more than they did a year ago.

Summary: The median home sold price in Neosho was $210,000 in November 2024, up 14.3% from last year, and the median price per square foot was $121.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $69K$211K
+205.8%
2 $124.5K$125K
0.4%
3 $184.5K$202K
+9.5%
4 $269.9K$261.5K
-3.1%
5+ $280K$372.5K
+33.0%

Summary: Neosho housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 205.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 33%.

Median Sold Price Compared To Nearby Cities

Neosho
+14.3%
Neosho Township
+13.5%

Housing Supply in Neosho, MO

How many homes are available in Neosho, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
153138-9.8%

Summary: The Neosho real estate market had 138 homes for sale in November 2024, a 9.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1815
-16.7%
3 8475
-10.7%
4 3132
+3.2%
5+ 1815
-16.7%

Summary: The Neosho housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3231-3.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Neosho, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Neosho in November 2024, down by 3.1% month-over-month. Of the 19 sold homes, 42% were sold under asking, 42% were sold at asking, and 16% 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

Nov 2023Nov 2024CHANGE
61 Days66 Days+8.3%

Summary: Homes in Neosho had an average of 66 days on market in Nov 2024, up by 8.3% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 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 November 2024, 31 homes were sold in Neosho; 13% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 10% 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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