Is Republic, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Republic has remained a Seller's Market.
Housing Prices in Republic, MO
How much do homes in Republic, MO cost?
Median Sold Price
$256,908
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Republic was $256,908 in April 2024, up 2.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $149.9K | $148.7K | -0.8% |
3 Bedrooms | $238K | $244K | +2.5% |
4 Bedrooms | $308.4K | $320K | +3.7% |
5+ Bedrooms | $349.9K | $402K | +14.9% |
Summary: Republic housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.8%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
East Republic Township | $279K | $292.9K | +5.0% |
Republic | $251.2K | $256.9K | +2.2% |
Republic North Township | $232.5K | $235K | +1.1% |
Brookline Township | $287.5K | $287K | -0.2% |
West Republic Township | $250K | $245K | -2.0% |
Housing Supply in Republic, MO
How many homes are available in Republic, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
129 | 136 | +5.4% |
Summary: The Republic real estate market had 136 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 72 | 75 | +4.2% |
4 Bedrooms | 35 | 41 | +17.1% |
5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Republic housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 28 | 0.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Republic in April 2024, the same as the previous month. Of the 28 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.
Days on Market for Republic, MO
How long does it take to sell a home in Republic, MO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 52 Days | +5.5% |
Summary: Homes in Republic had an average of 52 days on market in Apr 2024, up by 5.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Republic; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.