Is Billings, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Billings was a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $285K | -34.5% |
2 Bedrooms | $129.9K | $285K | +119.3% |
3 Bedrooms | $239.7K | $257K | +7.2% |
4 Bedrooms | $391K | $434.5K | +11.1% |
5+ Bedrooms | $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 2024 | Mar 2024 | CHANGE |
---|---|---|
22 | 18 | -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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 16 | 10 | -37.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 2 | -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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
64 Days | 59 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
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.