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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Republic Township is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in West Republic Township, MO

How much do homes in West Republic Township, MO cost?

Median Sold Price

$244,800

-

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$3,697(-1.5%)

Key Takeaway

Homes in West Republic Township have sold for 1.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$140K
N/A
2 $148K$165K
+11.5%
3 $237.1K$237K
-0.1%
4 $291.1K$270K
-7.3%
5+ $348.4K$358.2K
+2.8%

Summary: West Republic Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 7.3%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Cities

East Republic Township
+5.8%
Republic
+2.0%
Republic North Township
-0.3%
West Republic Township
-1.5%

Housing Supply in West Republic Township, MO

How many homes are available in West Republic Township, MO?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2936+24.1%

Summary: The West Republic Township real estate market had 36 homes for sale in February 2024, a 24.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 10
-100.0%
2 32
-33.3%
3 1520
+33.3%
4 35
+66.7%
5+ 79
+28.6%

Summary: The West Republic Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
79+28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Republic Township, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in West Republic Township in February 2024, up by 28.6% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% 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

Feb 2023Feb 2024CHANGE
40 Days34 Days-13.8%

Summary: Homes in West Republic Township had an average of 34 days on market in Feb 2024, down by 13.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Republic Township has remained consistent over time.

Summary: During February 2024, 9 homes were sold in West Republic Township; 44% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 0% 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 28 Days Ago

Newest Listings in West Republic Township, MO

Nearby Markets to West Republic Township, MO

What housing markets are near West Republic Township, MO?