Cape Girardeau, MO metro area Housing Market
Cool MarketComprehensive housing market data for the Cape Girardeau, MO metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$253K
↑ 15.3% YoY
Days on Market
48 days
↑ 23.1% YoY
Active Inventory
233
↑ 4.5% YoY
Homes Sold
80
↓ 5.9% YoY
Cool Market
Buyer activity is slowing, creating more negotiating room.
Cape Girardeau, MO metro area Market Summary
The Cape Girardeau, MO metro area housing market is cooling down. As of March 2026, the median home sale price is $253K, up 15.3% year-over-year. Homes are spending a median of 48 days on the market, 23.1% longer than a year ago.
There are 233 homes for sale — 4.5% more than last year. With 2.9 months of supply, this is a seller's market. 132 new listings were added during this period, up 53.5% year-over-year.
Homes are selling for 96.5% of their list price on average, suggesting room for negotiation. 11.3% of homes sell above their asking price. 23.6% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
76
Contributing Factors
How This Market Compares
vs. National Median
vs. Missouri Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 42% below the national median, which could indicate stronger cash flow potential.
Cape Girardeau, MO metro area Market Trends
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Detailed Market Metrics
Median List Price
$271K
Price per Sq Ft
$127
Sale-to-List Ratio
96.5%
Months of Supply
2.9
Sold Above List
11.3%
Price Drops
23.6%
New Listings
132
↑ 53.5% YoY
Pending Sales
112
Off Market in 2 Weeks
45.5%
Other Markets in Missouri
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$281K · 33d on market
Kansas City, MO metro area
$345K · 32d on market
Springfield, MO metro area
$270K · 43d on market
Joplin, MO metro area
$215K · 41d on market
Columbia, MO metro area
$330K · 36d on market
Jefferson City, MO metro area
$287K · 25d on market
St. Joseph, MO metro area
$210K · 48d on market
Branson, MO metro area
$310K · 96d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.