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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Joplin is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Joplin, MO

How much do homes in Joplin, MO cost?

Median Sold Price

$180,041

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,464(+3.1%)

Key Takeaway

Homes in Joplin have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Joplin was $180,041 in May 2024, up 3.1% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $45K$49K
+8.9%
2 $95K$110K
+15.8%
3 $179K$185K
+3.4%
4 $277.9K$295K
+6.2%
5+ $365K$425K
+16.4%

Summary: Joplin housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 16.4%.

Median Sold Price Compared To Nearby Cities

Duquesne
+7.5%
Joplin Township
+5.7%
Joplin
+5.0%
Joplin
+3.1%

Housing Supply in Joplin, MO

How many homes are available in Joplin, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
368406+10.3%

Summary: The Joplin real estate market had 406 homes for sale in May 2024, a 10.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 36
+100.0%
2 8290
+9.8%
3 186202
+8.6%
4 6572
+10.8%
5+ 3236
+12.5%

Summary: The Joplin housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8391+9.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

28 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Joplin, you could pay more than the asking price. 35.6% of homes here sold above asking price last month.

Summary: A total of 91 homes were sold or pending in Joplin in May 2024, up by 9.6% month-over-month. Of the 90 sold homes, 33% were sold under asking, 31% were sold at asking, and 36% were sold over asking.

Days on Market for Joplin, MO

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

Average Sale Time

May 2023May 2024CHANGE
64 Days53 Days-15.9%

Summary: Homes in Joplin had an average of 53 days on market in May 2024, down by 15.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

59 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 91 homes were sold in Joplin; 21% of homes were sold within 30 days, 65% 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 8 Days Ago

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