Is Republic, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Republic was a Seller's Market.
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
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
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $151K | $175K | +15.9% |
2 Bedrooms | $160K | $298.2K | +86.4% |
3 Bedrooms | $229K | $230K | 0.4% |
4 Bedrooms | $218.4K | $485K | +122.0% |
5+ Bedrooms | - | - | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
21 | 19 | -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
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 8 | 7 | -12.5% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 2 | 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 2024 | Jun 2024 | CHANGE |
---|---|---|
4 | 1 | -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
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 2023 | Jun 2024 | CHANGE |
---|---|---|
12 Days | 161 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
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.