Is Pierce City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pierce City is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Pierce City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Pierce City, MO

How much do homes in Pierce City, MO cost?

Median Sold Price

$223,411

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,589(-3.7%)

Key Takeaway

Homes in Pierce City have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Pierce City was $223,411 in October 2024, down 3.7% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $170K-
N/A
3 $268.5K$209.8K
-21.8%
4 -$575K
N/A
5+ --
N/A

Summary: Pierce City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Pierce City, MO

How many homes are available in Pierce City, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2427+12.5%

Summary: The Pierce City real estate market had 27 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1315
+15.4%
4 77
0.0%
5+ 23
+50.0%

Summary: The Pierce City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pierce City, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Pierce City in October 2024, up by 600.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Pierce City, MO

How long does it take to sell a home in Pierce City, MO?

Average Sale Time

Oct 2023Oct 2024CHANGE
112 Days102 Days-8.9%

Summary: Homes in Pierce City had an average of 102 days on market in Oct 2024, down by 8.9% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Pierce City has remained consistent over time.

Summary: During October 2024, 7 homes were sold in Pierce City; 0% of homes were sold within 30 days, 14% 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 22 Days Ago

Newest Listings in Pierce City, MO

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