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 neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Cedar County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Cedar County, MO

How much do homes in Cedar County, MO cost?

Median Sold Price

$160,000

$120/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,000(+1.9%)

Key Takeaway

Homes in Cedar County have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in Cedar County was $160,000 in May 2024, up 1.9% from last year, and the median price per square foot was $120.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $57.5K$90K
+56.5%
2 $93K$114.5K
+23.1%
3 $158K$172.5K
+9.2%
4 $222.5K$249.9K
+12.3%
5+ $249.5K$440.4K
+76.5%

Summary: Cedar County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.5%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 76.5%.

Median Sold Price Compared To Nearby Counties

Dade County
+20.8%
Barton County
+15.7%
Vernon County
+7.3%
Cedar County
+1.9%
Saint Clair County
-46.7%

Housing Supply in Cedar County, MO

How many homes are available in Cedar County, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
9091+1.1%

Summary: The Cedar County real estate market had 91 homes for sale in May 2024, a 1.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 02
+100.0%
2 915
+66.7%
3 5953
-10.2%
4 1717
0.0%
5+ 54
-20.0%

Summary: The Cedar County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar County, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Cedar County in May 2024, down by 27.8% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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

May 2023May 2024CHANGE
58 Days40 Days-31.8%

Summary: Homes in Cedar County had an average of 40 days on market in May 2024, down by 31.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 May 2024, 13 homes were sold in Cedar County; 31% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 1 Day Ago

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