Is Cape Girardeau, MO 63703 a buyer’s or seller’s market?

The Cape Girardeau housing market right now

In the three months ending August 31, 2026, 16% of homes in Cape Girardeau, MO 63703 sold above their list price, the typical home went under contract in 13 days and there were 6.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 20 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 13%, homes sold faster (15 days then) and the median sale price rose 50% to $159,931. Overall, Cape Girardeau is more competitive than a year ago, so tougher for buyers.

Within Cape Girardeau County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 57%. On our competition score, Cape Girardeau ranks #201 of 263 MO ZIP codes with enough sales (score 34 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.