Is Carthage, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Carthage has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | - | N/A |
2 Bedrooms | $117.6K | $129.8K | +10.4% |
3 Bedrooms | $171.9K | $204.6K | +19.1% |
4 Bedrooms | $223.7K | $299K | +33.6% |
5+ Bedrooms | $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 | $199K | $272K | +36.7% |
Carthage | $173.5K | $205.6K | +18.5% |
Union Township | $256.5K | $297.5K | +16.0% |
Marion Township | $151.5K | $169K | +11.6% |
Madison Township | $280K | $259.5K | -7.3% |
Housing Supply in Carthage, MO
How many homes are available in Carthage, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
101 | 91 | -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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 17 | +21.4% |
3 Bedrooms | 57 | 45 | -21.1% |
4 Bedrooms | 15 | 15 | 0.0% |
5+ Bedrooms | 15 | 14 | -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 2024 | May 2024 | CHANGE |
---|---|---|
27 | 28 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
69 Days | 62 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
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.