Is Republic, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Republic has remained a Seller's Market.
Housing Prices in Republic, MO
How much do homes in Republic, MO cost?
Median Sold Price
$255,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Republic was $255,000 in March 2024, up 1.7% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $146K | $149.9K | +2.7% |
3 Bedrooms | $237.2K | $242.4K | +2.2% |
4 Bedrooms | $310K | $315K | +1.6% |
5+ Bedrooms | $349.9K | $402K | +14.9% |
Summary: Republic housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
East Republic Township | $278K | $291K | +4.7% |
Republic | $250.6K | $255K | +1.7% |
Republic North Township | $233.7K | $236.2K | +1.1% |
West Republic Township | $250K | $243K | -2.8% |
Brookline Township | $295K | $286K | -3.1% |
Housing Supply in Republic, MO
How many homes are available in Republic, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 131 | +10.1% |
Summary: The Republic real estate market had 131 homes for sale in March 2024, a 10.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 68 | 70 | +2.9% |
4 Bedrooms | 31 | 36 | +16.1% |
5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Republic housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Republic in March 2024, down by 3.4% month-over-month. Of the 28 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Republic, MO
How long does it take to sell a home in Republic, MO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 25 Days | -26.6% |
Summary: Homes in Republic had an average of 25 days on market in Mar 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in Republic; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.