Is Hominy Branch, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hominy Branch was a Neutral Market.
Key Takeaway
Hominy Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hominy Branch, MO
How much do homes in Hominy Branch, MO cost?
Median Sold Price
$259,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hominy Branch have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Hominy Branch was $259,000 in April 2024, up 14.6% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $213.5K | $248.5K | +16.4% |
| 4 Bedrooms | $254K | $280K | +10.2% |
| 5+ Bedrooms | $689.9K | $568.4K | -17.6% |
Summary: Hominy Branch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 17.6%.
Housing Supply in Hominy Branch, MO
How many homes are available in Hominy Branch, MO?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Summary: The Hominy Branch real estate market had 6 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hominy Branch 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 remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hominy Branch, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Hominy Branch in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Hominy Branch, MO
How long does it take to sell a home in Hominy Branch, MO?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 2 Days | 16 Days | +725.0% |
Summary: Homes in Hominy Branch had an average of 16 days on market in Apr 2024, up by 725% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hominy Branch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Hominy Branch; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
