Is Cape Girardeau, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cape Girardeau is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Cape Girardeau, MO cost?

Median Sold Price

$162,350

$93/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$3,150(+2.0%)

Key Takeaway

Homes in Cape Girardeau have sold for 2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $21K$43K
+104.8%
2 $98K$94.9K
-3.2%
3 $148K$164.9K
+11.4%
4 $204K$210K
+2.9%
5+ $335K$329.9K
-1.5%

Median Sold Price Compared To Nearby Cities

Scott City
+32.3%
Jackson
+18.5%
Cape Girardeau Township
+3.7%
Cape Girardeau
+2.0%
Randol Township
+1.2%

How many homes are available in Cape Girardeau, MO?

Number of Homes For Sale

Mar 2022Apr 2022%
139119-14.4%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 10
-100.0%
2 2213
-40.9%
3 6857
-16.2%
4 3835
-7.9%
5+ 1014
+40.0%

Number of Homes Sold

Mar 2022Apr 2022%
4824-50.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cape Girardeau, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
65 Days32 Days-49.8%

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cape Girardeau are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cape Girardeau, MO

Cape Girardeau, MO has 119 homes on the market. The number of listings in Cape Girardeau, MO decreased by 14.4% between March 2022 and April 2022. In April 2022 median list price was $162,350 and the average listing age was 32 days. Real estate listing prices changed between March 2022 and April 2022: prices of 1 bedroom properties increased by 104.8%, prices of 2 bedrooms properties went down by 3.2%, 3 bedrooms properties became 11.4% more expensive, prices of 4 bedrooms properties went up by 2.9%, 5 bedrooms properties became 1.5% more cheaper. Housing inventory have changed in this real estate market: 1 bedroom homes became 100% less available, the quantity of 2 bedrooms homes went down by 40.9%, volume of 3 bedrooms homes went down by 16.2%, 4 bedrooms homes became 7.9% less available, number of 5 bedrooms homes increased by 40%. Cape Girardeau, MO housing market in April 2022 saw over 7 listings sold above listed price, more than 6 sold at listed price and over 11 sold below.

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