Is Cape Fair, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cape Fair was a Buyer's Market.
Key Takeaway
Cape Fair is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cape Fair, MO
How much do homes in Cape Fair, MO cost?
Median Sold Price
$365,000
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Cape Fair have sold for 10.4% more than they did a year ago.
Summary: The median home sold price in Cape Fair was $365,000 in May 2024, up 10.4% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $700K | N/A |
| 2 Bedrooms | $187K | $255K | +36.4% |
| 3 Bedrooms | $326.4K | $335K | +2.6% |
| 4 Bedrooms | $390K | $470K | +20.5% |
| 5+ Bedrooms | $509K | $826K | +62.3% |
Summary: Cape Fair 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 36.4%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 62.3%.
Median Sold Price Compared To Nearby Cities
| Washington Township | $249.9K | $310K | +24.0% |
| Flat Creek A Township | $319.2K | $376.2K | +17.9% |
| Cape Fair | $330.7K | $365K | +10.4% |
| Flat Creek B Township | $425K | $325K | -23.5% |
Housing Supply in Cape Fair, MO
How many homes are available in Cape Fair, MO?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Cape Fair real estate market had 28 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Cape Fair housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cape Fair, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cape Fair in May 2024, up by 150.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Cape Fair, MO
How long does it take to sell a home in Cape Fair, MO?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 143 Days | 112 Days | -21.3% |
Summary: Homes in Cape Fair had an average of 112 days on market in May 2024, down by 21.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cape Fair has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Cape Fair; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
