Is Marshfield, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Marshfield has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $84.5K | $175K | +107.1% |
2 Bedrooms | $125K | $145.5K | +16.4% |
3 Bedrooms | $220K | $221.5K | +0.7% |
4 Bedrooms | $282.5K | $337.5K | +19.5% |
5+ Bedrooms | $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 | $356.7K | $392.4K | +10.0% |
Marshfield | $225K | $245K | +8.9% |
Marshfield Township | $225K | $245K | +8.9% |
Washington Township | $257.3K | $253.5K | -1.5% |
Housing Supply in Marshfield, MO
How many homes are available in Marshfield, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 75 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 37 | 38 | +2.7% |
4 Bedrooms | 19 | 20 | +5.3% |
5+ Bedrooms | 5 | 6 | +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 2024 | May 2024 | CHANGE |
---|---|---|
13 | 21 | +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
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 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 26 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
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.