Is Cedar County, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar County is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Cedar County was a Buyer's Market.

Key Takeaway

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

Housing Prices in Cedar County, MO

How much do homes in Cedar County, MO cost?

Median Sold Price

$158,375

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,875(+3.9%)

Key Takeaway

Homes in Cedar County have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Cedar County was $158,375 in March 2024, up 3.9% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $160K$55K
-65.6%
2 $82K$95K
+15.9%
3 $150K$179K
+19.3%
4 $269K$249.9K
-7.1%
5+ $257K$348K
+35.4%

Summary: Cedar County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 65.6%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 19.3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 35.4%.

Median Sold Price Compared To Nearby Counties

Barton County
+17.1%
Dade County
+13.5%
Vernon County
+12.1%
Cedar County
+3.9%

Housing Supply in Cedar County, MO

How many homes are available in Cedar County, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8595+11.8%

Summary: The Cedar County real estate market had 95 homes for sale in March 2024, a 11.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 1822
+22.2%
3 5154
+5.9%
4 710
+42.9%
5+ 88
0.0%

Summary: The Cedar County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1121+90.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar County, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Cedar County in March 2024, up by 90.9% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.

Days on Market for Cedar County, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days55 Days+3.9%

Summary: Homes in Cedar County had an average of 55 days on market in Mar 2024, up by 3.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 21 homes were sold in Cedar County; 33% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% 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 18 Days Ago

Newest Listings in Cedar County, MO

Nearby Markets to Cedar County, MO

What housing markets are near Cedar County, MO?