Is Monroe City, MO 63456 a buyer’s or seller’s market?
Monroe City is a seller’s market. With about 1.6 months of supply and 10% 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 27% of U.S. ZIP codes, and #208 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 Monroe City housing market right now
In the three months ending August 31, 2026, 10% of homes in Monroe City, MO 63456 sold above their list price, the typical home went under contract in 61 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 21 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold more slowly (46 days then) and the median sale price fell 10% to $154,933. Overall, Monroe City is less competitive than a year ago, which gives buyers more room.
On our competition score, Monroe City ranks #208 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), while Palmyra 63461 (18% sold over asking) and Hannibal 63401 (13% sold over asking) are even more competitive.
Run the numbers for 63456
Nearby markets
Hannibal 63401Seller’s market $116 /sq ftMaywood 63454 $226 /sq ftPalmyra 63461Seller’s market $124 /sq ftTaylor 63471 — /sq ft Browse all markets →Towns like Monroe City nearby
Find towns like Monroe City in other states →Where Monroe City is
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Questions about Monroe City real estate
Is Monroe City a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Monroe City, MO 63456 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 Monroe City?
The typical home went under contract in 61 days in the latest three months.
Do homes in Monroe City sell over asking?
10% of homes sold above their original list price, and the typical sale closed at 94.2% of the list price.
What are property taxes in Monroe City?
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 Monroe City?
The median sale price was $154,933 in the three months ending August 31, 2026, about $116 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology