Is Chaffee, MO 63740 a buyer’s or seller’s market?
Chaffee is a seller’s market. With about 1.5 months of supply and 16% 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 52% of U.S. ZIP codes, and #156 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 Chaffee housing market right now
In the three months ending August 31, 2026, 16% of homes in Chaffee, MO 63740 sold above their list price, the typical home went under contract in 8 days and there were 1.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 20 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold about as fast and the median sale price fell 31% to $129,944. Overall, Chaffee is more competitive than a year ago, so tougher for buyers.
Within Scott County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 50%. On our competition score, Chaffee ranks #156 of 263 MO ZIP codes with enough sales (score 51 out of 100).
Nearby, buyers who want less competition could look at Oran 63771 (0% sold over asking) or Benton 63736 (10% sold over asking), while Scott City 63780 (25% sold over asking) is even more competitive.
Run the numbers for 63740
Nearby markets
Benton 63736Seller’s market $154 /sq ftOran 63771Seller’s market $117 /sq ftScott City 63780Seller’s market $102 /sq ftSikeston 63801Seller’s market $121 /sq ft Browse all markets →Towns like Chaffee nearby
Find towns like Chaffee in other states →Where Chaffee is
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Questions about Chaffee real estate
Is Chaffee a buyer’s or seller’s market?
A seller’s market: there were 1.5 months of supply in Chaffee, MO 63740 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 Chaffee?
The typical home went under contract in 8 days in the latest three months.
Do homes in Chaffee sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 92.5% of the list price.
What are property taxes in Chaffee?
About 0.62% of a home’s value a year in Scott County, or roughly $2,480 on a $400,000 home.
What is the median home price in Chaffee?
The median sale price was $129,944 in the three months ending August 31, 2026, about $100 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