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Is Reeds, MO 64859 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Reeds is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list—Sold price ÷ list price
Median days on market264Listing to accepted offer
Median price per sq ft$142▲ +33.6% vs. last year

The Reeds housing market right now

In the three months ending August 31, 2026, 0% of homes in Reeds, MO 64859 sold above their list price, the typical home went under contract in 264 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (18 days then) and the median sale price rose 149% to $298,871. Overall, Reeds is less competitive than a year ago, which gives buyers more room.

Within Jasper County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Run the numbers for 64859

Prefilled for 64859Can I win this house?Multiple-offer likelihood for a listing Prefilled for 64859Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alba 64830 $161 /sq ftAsbury 64832Seller’s market $113 /sq ftCarl Junction 64834Seller’s market $153 /sq ftCarterville 64835Balanced $142 /sq ft Browse all markets →

Towns like Reeds nearby

Find towns like Reeds in other states →
Quapaw, OK74363 · 35 miles away87% similarlarger Verona, MO65769 · 24 miles away84% similarpricier homes ($49K more) · larger Sheldon, MO64784 · 39 miles away84% similarpricier homes ($43K more) Goodman, MO64843 · 30 miles away83% similarpricier homes ($30K more) · larger

Where Reeds is

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Questions about Reeds real estate

Is Reeds a buyer’s or seller’s market?

A buyer’s market: there were 6.4 months of supply in Reeds, MO 64859 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 Reeds?

The typical home went under contract in 264 days in the latest three months.

Do homes in Reeds sell over asking?

0% of homes sold above their original list price.

What are property taxes in Reeds?

About 0.72% of a home’s value a year in Jasper County, or roughly $2,880 on a $400,000 home.

What is the median home price in Reeds?

The median sale price was $298,871 in the three months ending August 31, 2026, about $142 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