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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Republic is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

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

+$514(+0.2%)

Key Takeaway

The sold price of homes in Republic has remained the same since last year.

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

# BEDSMay 2023May 2024CHANGE
1 -$140K
N/A
2 $146K$149.9K
+2.7%
3 $240K$244.8K
+2.0%
4 $305.7K$321.2K
+5.1%
5+ $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
+7.6%
Republic North Township
+2.6%
Republic
0.2%
West Republic Township
-3.5%
Brookline Township
-5.3%

Housing Supply in Republic, MO

How many homes are available in Republic, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
149166+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 7787
+13.0%
4 4750
+6.4%
5+ 2224
+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 2024May 2024CHANGE
2940+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Republic, expect to pay close to the asking price. 40.5% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
22 Days24 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Republic, MO

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