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Featured local agent — Commerce, MO
Sarah Mitchell
Compass Real Estate · Commerce, MO
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Commerce, MO Housing Market
The last median sale price Redfin published was $239,900 (through May 2026). On the supply and pace-of-sale data we hold, Commerce is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $239,900 home is about $1,281/mo in principal and interest.
Key numbers for Commerce, MO
Median sale price
$239,900
Last published period
Redfin, through January 2023
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
96.0%
Selling below asking
Redfin, through January 2023
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Commerce a buyer's or seller's market?
Commerce, MO is a balanced market. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Commerce housing market data show?
Every row below is Redfin's final published month for Commerce, MO. Redfin, through January 2023
| Metric | Value |
|---|---|
| Median sale price | $239,900 |
| Median price per sq ft | $71/sq ft |
| Sale-to-list price ratio | 96.0% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Commerce is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Commerce is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Commerce home prices moved?
We hold fewer than three months of sale history for Commerce, MO, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Commerce?
Priced off the median sale price of $239,900 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $47,980 | $191,920 | $1,281/mo |
| 5% | $11,995 | $227,905 | $1,521/mo |
Redfin, through January 2023 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,281, that implies roughly $54,888 a year before you add taxes and insurance. We do not hold a Census income figure for Commerce, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Commerce in the next 12 months?
Tell us your timeline. We send the Commerce market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Commerce?
Zillow does not publish a rent index (ZORI) for Commerce, MO, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Commerce?
We hold fewer than two months of inventory readings for Commerce, MO, so there is no trend to report yet.
How does Commerce compare to Missouri and the U.S.?
Commerce homes sell for $239,900 — 19% below the Missouri median of $297,500. Against the national median of $410,700, Commerce runs 42% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Commerce, MO | $239,900 | not published | not published |
| Missouri statewide | $297,500 | +4.6% | 27 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through January 2023 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Commerce
What buyers should watch
- The gap between 5% and 20% down here is $240 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $239,900 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- Homes here close at 96.0% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Commerce varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Commerce
Explore homes currently listed for sale in Commerce, Missouri across major real estate platforms.
How much do homes cost in Commerce by property type?
How the Commerce, MO market breaks down across single-family homes, condos and townhouses. Redfin, through January 2023
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $239,900 | $71/sq ft | 1 | not published |
Who lives in Commerce?
American Community Survey estimates for Commerce. U.S. Census ACS, 2023
Population
147
Households
34
Median age
28.8 years
Owner-occupied
91.2%
Median home value
$80,500
Mean commute
58.1 min
91.2% of occupied homes in Commerce are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Commerce, MO?
Ordered by distance from Commerce, not by size. Compare Commerce side by side with any of them.
Commerce housing market FAQ
Is Commerce a buyer's or seller's market?
Commerce, MO is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Commerce?
The median sale price in the last month Redfin published was $239,900, about $71 per square foot.
Is Commerce cheaper than the rest of Missouri?
Commerce's median sale price of $239,900 is 19% lower than the Missouri statewide median of $297,500, and 42% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Commerce?
We do not hold a days-on-market figure for Commerce, MO. Redfin stopped publishing its public market tracker in June 2026, so this metric is frozen wherever it exists and missing where it never landed.
What income do you need to buy a home in Commerce?
At the current 30-year fixed rate of 7.03%, 20% down on a $239,900 home is about $1,281 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $54,888 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Commerce?
We do not hold a complete 12-month value series for Commerce, MO yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Commerce?
Commerce ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Commerce?
That depends on your timeline, not on a headline. What the data says today: Commerce, MO is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $239,900, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.