Is West Republic Township, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, West Republic Township has remained a Seller's Market.
Housing Prices in West Republic Township, MO
How much do homes in West Republic Township, MO cost?
Median Sold Price
$245,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in West Republic Township was $245,000 in May 2024, down 3.5% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $155.5K | $175K | +12.5% |
3 Bedrooms | $240K | $238.9K | -0.5% |
4 Bedrooms | $286.5K | $274K | -4.4% |
5+ Bedrooms | $349.9K | $330K | -5.7% |
Summary: West Republic Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
East Republic Township | $275K | $295.9K | +7.6% |
Pond Creek Township | $399K | $425K | +6.5% |
Republic North Township | $231.4K | $237.5K | +2.6% |
Republic | $257.5K | $258K | 0.2% |
West Republic Township | $253.9K | $245K | -3.5% |
Housing Supply in West Republic Township, MO
How many homes are available in West Republic Township, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 39 | +2.6% |
Summary: The West Republic Township real estate market had 39 homes for sale in May 2024, a 2.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 18 | 21 | +16.7% |
4 Bedrooms | 10 | 9 | -10.0% |
5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The West Republic Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in West Republic Township in May 2024, the same as the previous month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for West Republic Township, MO
How long does it take to sell a home in West Republic Township, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 25 Days | 0.1% |
Summary: Homes in West Republic Township had an average of 25 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in West Republic Township; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.