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 April 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

$230,000

$118/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$35,000(-13.2%)

Key Takeaway

Homes in Pierce City have sold for 13.2% less than they did a year ago.

Summary: The median home sold price in Pierce City was $230,000 in April 2024, down 13.2% from last year, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $157K$120K
-23.6%
3 $257.4K$229.5K
-10.8%
4 $343.2K$365K
+6.3%
5+ $467.5K$547.5K
+17.1%

Summary: Pierce City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23.6%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Cities

Pierce Township
+7.7%
Pierce City
-13.2%

Housing Supply in Pierce City, MO

How many homes are available in Pierce City, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3133+6.5%

Summary: The Pierce City real estate market had 33 homes for sale in April 2024, a 6.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 53
-40.0%
3 1719
+11.8%
4 66
0.0%
5+ 35
+66.7%

Summary: The Pierce City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pierce City, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in Pierce City in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 29% were sold at asking, and 43% 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

Apr 2023Apr 2024CHANGE
76 Days53 Days-30.3%

Summary: Homes in Pierce City had an average of 53 days on market in Apr 2024, down by 30.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were 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 April 2024, 7 homes were sold in Pierce City; 14% of homes were sold within 30 days, 71% 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 28 Days Ago

Newest Listings in Pierce City, MO

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