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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carthage is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Carthage, MO

How much do homes in Carthage, MO cost?

Median Sold Price

$205,603

$128/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$32,103(+18.5%)

Key Takeaway

Homes in Carthage have sold for 18.5% more than they did a year ago.

Summary: The median home sold price in Carthage was $205,603 in May 2024, up 18.5% from last year, and the median price per square foot was $128.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $70K-
N/A
2 $117.6K$129.8K
+10.4%
3 $171.9K$204.6K
+19.1%
4 $223.7K$299K
+33.6%
5+ $515K$405K
-21.4%

Summary: Carthage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 33.6%, and 5+ bedroom homes decreased by 21.4%.

Median Sold Price Compared To Nearby Cities

Jackson Township
+36.7%
Carthage
+18.5%
Union Township
+16.0%
Marion Township
+11.6%
Madison Township
-7.3%

Housing Supply in Carthage, MO

How many homes are available in Carthage, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
10191-9.9%

Summary: The Carthage real estate market had 91 homes for sale in May 2024, a 9.9% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1417
+21.4%
3 5745
-21.1%
4 1515
0.0%
5+ 1514
-6.7%

Summary: The Carthage housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.4%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2728+3.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carthage, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Carthage in May 2024, up by 3.7% month-over-month. Of the 27 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% were sold over asking.

Days on Market for Carthage, MO

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

Average Sale Time

May 2023May 2024CHANGE
69 Days62 Days-10.0%

Summary: Homes in Carthage had an average of 62 days on market in May 2024, down by 10% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 28 homes were sold in Carthage; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 18% 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 9 Days Ago

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