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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Licking is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Licking was a Seller's Market.

Key Takeaway

Licking is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Licking, MO

How much do homes in Licking, MO cost?

Median Sold Price

$355,000

$191/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$165,000(+86.8%)

Key Takeaway

Homes in Licking have sold for 86.8% more than they did a month ago.

Summary: The median home sold price in Licking was $355,000 in April 2024, up 86.8% from last month, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $190K$355K
+86.8%
4 --
N/A
5+ --
N/A

Summary: Licking housing prices by bedroom type for April 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 increased by 86.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Licking
+86.8%
Sherrill Township
+86.8%

Housing Supply in Licking, MO

How many homes are available in Licking, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2519-24.0%

Summary: The Licking real estate market had 19 homes for sale in April 2024, a 24.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 42
-50.0%
3 117
-36.4%
4 88
0.0%
5+ 22
0.0%

Summary: The Licking 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 50%, 3 bedroom homes decreased by 36.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
81-87.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Licking, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Licking in April 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Licking, MO

How long does it take to sell a home in Licking, MO?

Average Sale Time

Mar 2024Apr 2024CHANGE
93 Days88 Days-5.5%

Summary: Homes in Licking had an average of 88 days on market in Apr 2024, down by 5.5% 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 Licking has remained consistent over time.

Summary: During April 2024, 1 homes were sold in Licking; 0% of homes were sold within 30 days, 100% 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 Apr 1, 2024

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