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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Billings is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Billings was a Seller's Market.

Key Takeaway

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

Housing Prices in Billings, MO

How much do homes in Billings, MO cost?

Median Sold Price

$285,000

$1,210/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$2,500(+0.9%)

Key Takeaway

Homes in Billings have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Billings was $285,000 in March 2024, up 0.9% from last year, and the median price per square foot was $1,210.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $435K$285K
-34.5%
2 $129.9K$285K
+119.3%
3 $239.7K$257K
+7.2%
4 $391K$434.5K
+11.1%
5+ $540K$690K
+27.8%

Summary: Billings housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.5%, 2 bedroom homes increased by 119.3%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 27.8%.

Housing Supply in Billings, MO

How many homes are available in Billings, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2218-18.2%

Summary: The Billings real estate market had 18 homes for sale in March 2024, a 18.2% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 11
0.0%
3 1610
-37.5%
4 23
+50.0%
5+ 22
0.0%

Summary: The Billings housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
72-71.4%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Billings, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Billings in March 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Billings, MO

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

Average Sale Time

Mar 2023Mar 2024CHANGE
64 Days59 Days-7.0%

Summary: Homes in Billings had an average of 59 days on market in Mar 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Billings; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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

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