Land Foreclosures in Hannibal, MO

Current Market Conditions in Hannibal, MO

The Hannibal real estate market has shown a trend toward stability, with moderate price growth over the last several months. Homes are generally in demand due to the area's appealing lifestyle and community feel. With a median home price around the low to mid $200,000s, the market remains attractive to first-time buyers as well as investors looking to capitalize on the area's growth potential.

In recent months, an increase in inventory has provided buyers with more options, although the market still favors sellers in popular neighborhoods. The average days on market have decreased slightly, indicating a shift towards a more competitive environment as buyer interest increases.

Rent Prices In Hannibal, MO

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hannibal, MO, is on a rollercoaster ride. The average rent price in Hannibal, MO, is $989.00. Indeed, when looking to rent in Hannibal, MO, you can expect to pay as little as $540.00 or as much as $2,580.00, with the average rent median estimated to be $950.00. The good news is that finding an affordable and desirable property to rent in Hannibal, MO -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.