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 Last Month

Since last month, 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

$350,000

$118/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$133,000(+61.3%)

Key Takeaway

Homes in Republic have sold for 61.3% more than they did a month ago.

Summary: The median home sold price in Republic was $350,000 in October 2024, up 61.3% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $217K-
N/A
4 -$350K
N/A
5+ --
N/A

Summary: Republic housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Republic, MO

How many homes are available in Republic, MO?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
126131+4.0%

Summary: The Republic real estate market had 131 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 7678
+2.6%
4 3636
0.0%
5+ 1014
+40.0%

Summary: The Republic housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3425-26.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 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. 100% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in Republic in October 2024, down by 26.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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

Sep 2024Oct 2024CHANGE
42 Days40 Days-4.8%

Summary: Homes in Republic had an average of 40 days on market in Oct 2024, down by 4.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Republic has remained consistent over time.

Summary: During October 2024, 25 homes were sold in Republic; 0% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Republic, MO

Nearby Markets to Republic, MO

What housing markets are near Republic, MO?