Joplin housing market sees absorption outpace new supply

"The Joplin, MO metro absorbed 32 homes while adding only 30 new listings during the week ending Nov. 7, 2025, marking a rare instance where buyer demand exceeded fresh inventory in the smaller Missouri market. This negative net inventory growth occurred as 33.8% of active listings reduced their asking prices, demonstrating how strategic pricing adjustments are driving transactions in the 269-home market."

"At a median list price of $227,500, Joplin homes cost 26.6% less than Missouri's statewide median of $309,900. The metro's price per square foot of $138.8 sits 26% below the state's $187.58 figure, creating clear affordability advantages for buyers willing to consider smaller metropolitan areas. The combination of lower prices and quicker sales suggests an active market where appropriately priced homes move efficiently."

"Joplin's housing inventory stands at 269 active listings, translating to 2.3 months of supply based on current absorption rates. Properties in Joplin sell faster than broader benchmarks, with a median of 49 days on market compared to 63 days statewide and 77 days nationally. One-third of Joplin's active inventory took price reductions during the week, while just 0.7% increased their asking prices."

Joplin, MO absorbed 32 homes while only adding 30 new listings during the week ending Nov. 7, 2025, producing negative net inventory growth. Active listings numbered 269, equivalent to 2.3 months of supply based on current absorption. Thirty-three point eight percent of active listings reduced asking prices, while 0.7% increased prices and 16.7% were relisted. The median list price was $227,500, 26.6% below Missouri's median and 47.5% below the national median. Price per square foot was $138.80, about 26% under the state figure. Median days on market stood at 49, faster than state and national paces.

Read at www.housingwire.com