Is Republic, 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, Republic has remained a Seller's Market.
Housing Prices in Republic, MO
How much do homes in Republic, MO cost?
Median Sold Price
$258,075
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Republic was $258,075 in May 2024, up 0.2% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $140K | N/A |
2 Bedrooms | $146K | $149.9K | +2.7% |
3 Bedrooms | $240K | $244.8K | +2.0% |
4 Bedrooms | $305.7K | $321.2K | +5.1% |
5+ Bedrooms | $350K | $381K | +8.9% |
Summary: Republic housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
East Republic Township | $275K | $295.9K | +7.6% |
Republic North Township | $231.4K | $237.5K | +2.6% |
Republic | $257.5K | $258K | 0.2% |
West Republic Township | $253.9K | $245K | -3.5% |
Brookline Township | $300.9K | $285K | -5.3% |
Housing Supply in Republic, MO
How many homes are available in Republic, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
149 | 166 | +11.4% |
Summary: The Republic real estate market had 166 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 77 | 87 | +13.0% |
4 Bedrooms | 47 | 50 | +6.4% |
5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Republic housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 40 | +37.9% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 40 homes were sold or pending in Republic in May 2024, up by 37.9% month-over-month. Of the 37 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 24 Days | +9.3% |
Summary: Homes in Republic had an average of 24 days on market in May 2024, up by 9.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 40 homes were sold in Republic; 75% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.