Is Republic, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Republic is a buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Republic is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Republic, WA

How much do homes in Republic, WA cost?

Median Sold Price

$230,000

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$32,050(+16.2%)

Key Takeaway

Homes in Republic have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Republic was $230,000 in June 2024, up 16.2% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $151K$175K
+15.9%
2 $160K$298.2K
+86.4%
3 $229K$230K
0.4%
4 $218.4K$485K
+122.0%
5+ --
N/A

Summary: Republic housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 86.4%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 122%, and 5+ bedroom homes did not change.

Housing Supply in Republic, WA

How many homes are available in Republic, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2119-9.5%

Summary: The Republic real estate market had 19 homes for sale in June 2024, a 9.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 32
-33.3%
2 56
+20.0%
3 87
-12.5%
4 32
-33.3%
5+ 22
0.0%

Summary: The Republic housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Republic, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Republic in June 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Republic, WA

How long does it take to sell a home in Republic, WA?

Average Sale Time

Jun 2023Jun 2024CHANGE
12 Days161 Days+1188.0%

Summary: Homes in Republic had an average of 161 days on market in Jun 2024, up by 1188% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Republic are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During June 2024, 1 homes were sold in Republic; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 26 Days Ago

Newest Listings in Republic, WA

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