Is Webb City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Webb City is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Webb City was a Seller's Market.

Key Takeaway

Webb City 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 Webb City, MO

How much do homes in Webb City, MO cost?

Median Sold Price

$196,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$6,000(+3.2%)

Key Takeaway

Homes in Webb City have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Webb City was $196,000 in November 2024, up 3.2% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $55K$152K
+176.4%
2 $90K$115.5K
+28.3%
3 $185K$206.9K
+11.9%
4 $299K$279K
-6.7%
5+ $294.1K$212.5K
-27.8%

Summary: Webb City housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 176.4%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 11.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 27.8%.

Median Sold Price Compared To Nearby Cities

Joplin
+10.9%
Joplin Township
+6.6%
Webb City
+3.2%
Mineral Township
+2.6%
Carterville
-8.8%

Housing Supply in Webb City, MO

How many homes are available in Webb City, MO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9185-6.6%

Summary: The Webb City real estate market had 85 homes for sale in November 2024, a 6.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 1313
0.0%
3 4544
-2.2%
4 2520
-20.0%
5+ 66
0.0%

Summary: The Webb City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2414-41.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Webb City, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Webb City in November 2024, down by 41.7% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.

Days on Market for Webb City, MO

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

Average Sale Time

Nov 2023Nov 2024CHANGE
93 Days52 Days-43.9%

Summary: Homes in Webb City had an average of 52 days on market in Nov 2024, down by 43.9% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Webb City has remained consistent over time.

Summary: During November 2024, 14 homes were sold in Webb City; 7% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 7% 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 20 Days Ago

Newest Listings in Webb City, MO

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