Is Marshfield, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshfield is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Marshfield was a Seller's Market.

Key Takeaway

Marshfield is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Marshfield, MO

How much do homes in Marshfield, MO cost?

Median Sold Price

$245,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$26,750(+12.3%)

Key Takeaway

Homes in Marshfield have sold for 12.3% more than they did a year ago.

Summary: The median home sold price in Marshfield was $245,000 in April 2024, up 12.3% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $65K$175K
+169.2%
2 $122.7K$150K
+22.2%
3 $215K$220K
+2.3%
4 $277.5K$349.9K
+26.1%
5+ $337.5K$505.2K
+49.7%

Summary: Marshfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 169.2%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 49.7%.

Median Sold Price Compared To Nearby Cities

Marshfield
+12.3%
Marshfield Township
+11.5%
Grant Township
+10.0%

Housing Supply in Marshfield, MO

How many homes are available in Marshfield, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5272+38.5%

Summary: The Marshfield real estate market had 72 homes for sale in April 2024, a 38.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 12
+100.0%
2 79
+28.6%
3 2839
+39.3%
4 1017
+70.0%
5+ 65
-16.7%

Summary: The Marshfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 70%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1012+20.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshfield, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Marshfield in April 2024, up by 20.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Marshfield, MO

How long does it take to sell a home in Marshfield, MO?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days20 Days-31.0%

Summary: Homes in Marshfield had an average of 20 days on market in Apr 2024, down by 31% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marshfield are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 12 homes were sold in Marshfield; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 10 Days Ago

Newest Listings in Marshfield, MO

Nearby Markets to Marshfield, MO

What housing markets are near Marshfield, MO?