Is Hannibal, MO 63401 a buyer’s or seller’s market?
Hannibal is a seller’s market. With about 3.7 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 26% of U.S. ZIP codes, and #209 of 263 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Hannibal housing market right now
In the three months ending August 31, 2026, 13% of homes in Hannibal, MO 63401 sold above their list price, the typical home went under contract in 49 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 70 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (55 days then) and the median sale price fell 10% to $196,365. Overall, Hannibal is more competitive than a year ago, so tougher for buyers.
On our competition score, Hannibal ranks #209 of 263 MO ZIP codes with enough sales (score 30 out of 100).
Nearby, buyers who want less competition could look at Maywood 63454 (0% sold over asking) or Monroe City 63456 (10% sold over asking), while Palmyra 63461 (18% sold over asking) is even more competitive.
Run the numbers for 63401
Nearby markets
Maywood 63454 $226 /sq ftMonroe City 63456Seller’s market $116 /sq ftPalmyra 63461Seller’s market $124 /sq ftTaylor 63471 — /sq ft Browse all markets →Towns like Hannibal nearby
Find towns like Hannibal in other states →Where Hannibal is
Loading map…
Questions about Hannibal real estate
Is Hannibal a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Hannibal, MO 63401 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Hannibal?
The typical home went under contract in 49 days in the latest three months.
Do homes in Hannibal sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Hannibal?
About 0.82% of a home’s value a year in Marion County, or roughly $3,280 on a $400,000 home.
What is the median home price in Hannibal?
The median sale price was $196,365 in the three months ending August 31, 2026, about $116 per square foot.
Local agents
See all agents in 63401 →No sponsored agents in 63401 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 63401
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology