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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marshfield is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Marshfield, MO

How much do homes in Marshfield, MO cost?

Median Sold Price

$245,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+8.9%)

Key Takeaway

Homes in Marshfield have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in Marshfield was $245,000 in May 2024, up 8.9% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $84.5K$175K
+107.1%
2 $125K$145.5K
+16.4%
3 $220K$221.5K
+0.7%
4 $282.5K$337.5K
+19.5%
5+ $340K$512.6K
+50.8%

Summary: Marshfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 107.1%, 2 bedroom homes increased by 16.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 50.8%.

Median Sold Price Compared To Nearby Cities

Grant Township
+10.0%
Marshfield
+8.9%
Marshfield Township
+8.9%
Washington Township
-1.5%

Housing Supply in Marshfield, MO

How many homes are available in Marshfield, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7375+2.7%

Summary: The Marshfield real estate market had 75 homes for sale in May 2024, a 2.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 1010
0.0%
3 3738
+2.7%
4 1920
+5.3%
5+ 56
+20.0%

Summary: The Marshfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marshfield, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.

Summary: A total of 21 homes were sold or pending in Marshfield in May 2024, up by 61.5% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.

Days on Market for Marshfield, MO

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

Average Sale Time

May 2023May 2024CHANGE
31 Days26 Days-15.7%

Summary: Homes in Marshfield had an average of 26 days on market in May 2024, down by 15.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Marshfield are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Marshfield; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 1 Day Ago

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