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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshfield Township is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Marshfield Township has remained a Seller's Market.

Key Takeaway

Marshfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Marshfield Township, MO

How much do homes in Marshfield Township, MO cost?

Median Sold Price

$249,900

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$32,900(+15.2%)

Key Takeaway

Homes in Marshfield Township have sold for 15.2% more than they did a year ago.

Summary: The median home sold price in Marshfield Township was $249,900 in March 2024, up 15.2% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $75K$151.4K
+101.9%
2 $125K$159.9K
+27.9%
3 $217.5K$221K
+1.6%
4 $275K$343.7K
+25.0%
5+ $337.5K$505.2K
+49.7%

Summary: Marshfield Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 101.9%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 49.7%.

Median Sold Price Compared To Nearby Cities

Marshfield
+15.7%
Marshfield Township
+15.2%
Grant Township
+14.7%

Housing Supply in Marshfield Township, MO

How many homes are available in Marshfield Township, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4056+40.0%

Summary: The Marshfield Township real estate market had 56 homes for sale in March 2024, a 40.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 37
+133.3%
3 1829
+61.1%
4 1112
+9.1%
5+ 76
-14.3%

Summary: The Marshfield Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 61.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
910+11.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshfield Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Marshfield Township in March 2024, up by 11.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.

Days on Market for Marshfield Township, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days24 Days-50.8%

Summary: Homes in Marshfield Township had an average of 24 days on market in Mar 2024, down by 50.8% compared to last year.

Breakdown of Home Sale Times

7 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 Township are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 10 homes were sold in Marshfield Township; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 25 Days Ago

Newest Listings in Marshfield Township, MO

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