Is Drexel, MO 64742 a buyer’s or seller’s market?
Drexel is a seller’s market. With about 3.9 months of supply and 0% 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.
The Drexel housing market right now
In the three months ending August 31, 2026, 0% of homes in Drexel, MO 64742 sold above their list price, the typical home went under contract in 43 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold more slowly (25 days then) and the median sale price fell 9% to $235,898. Overall, Drexel is less competitive than a year ago, which gives buyers more room.
Within Cass County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, East Lynne 64743 (100% sold over asking) and Archie 64725 (33% sold over asking) are even more competitive.
Run the numbers for 64742
Nearby markets
Archie 64725Seller’s market $180 /sq ftBelton 64012Seller’s market $178 /sq ftCleveland 64734Seller’s market $233 /sq ftCreighton 64739Seller’s market $179 /sq ft Browse all markets →Towns like Drexel nearby
Find towns like Drexel in other states →Where Drexel is
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Questions about Drexel real estate
Is Drexel a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Drexel, MO 64742 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 Drexel?
The typical home went under contract in 43 days in the latest three months.
Do homes in Drexel sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Drexel?
About 0.86% of a home’s value a year in Cass County, or roughly $3,440 on a $400,000 home.
What is the median home price in Drexel?
The median sale price was $235,898 in the three months ending August 31, 2026, about $203 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