Is Cape Girardeau, MO 63701 a buyer’s or seller’s market?

The Cape Girardeau housing market right now

In the three months ending August 31, 2026, 19% of homes in Cape Girardeau, MO 63701 sold above their list price, the typical home went under contract in 34 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 152 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold more slowly (25 days then) and the median sale price held steady to $256,289. Overall, Cape Girardeau is more competitive than a year ago, so tougher for buyers.

Within Cape Girardeau County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 57%. On our competition score, Cape Girardeau ranks #157 of 263 MO ZIP codes with enough sales (score 51 out of 100).

Nearby, buyers who want less competition could look at Millersville 63766 (0% sold over asking) or Friedheim 63747 (0% sold over asking), while Oak Ridge 63769 (50% sold over asking) and Whitewater 63785 (33% sold over asking) are even more competitive.