Is Neosho, MO 64850 a buyer’s or seller’s market?
Neosho is a seller’s market. With about 2.6 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 25% of U.S. ZIP codes, and #215 of 263 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Neosho housing market right now
In the three months ending August 31, 2026, 0% of homes in Neosho, MO 64850 sold above their list price, the typical home went under contract in 29 days and there were 2.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 93 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (26 days then) and the median sale price rose 4% to $258,888. Overall, Neosho is about as competitive as it was a year ago.
Within Newton County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Neosho ranks #215 of 263 MO ZIP codes with enough sales (score 29 out of 100).
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Nearby markets
Diamond 64840Seller’s market $147 /sq ftFairview 64842Seller’s market $118 /sq ftGranby 64844Buyer’s market $132 /sq ftJoplin 64804Seller’s market $142 /sq ft Browse all markets →Towns like Neosho nearby
Find towns like Neosho in other states →Where Neosho is
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Questions about Neosho real estate
Is Neosho a buyer’s or seller’s market?
A seller’s market: there were 2.6 months of supply in Neosho, MO 64850 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Neosho?
The typical home went under contract in 29 days in the latest three months.
Do homes in Neosho sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Neosho?
About 0.63% of a home’s value a year in Newton County, or roughly $2,520 on a $400,000 home.
What is the median home price in Neosho?
The median sale price was $258,888 in the three months ending August 31, 2026, about $145 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology