Is Licking, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Licking has remained a Seller's Market.
Housing Prices in Licking, MO
How much do homes in Licking, MO cost?
Median Sold Price
$144,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Licking was $144,000 in March 2024, up 70.9% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $485K | N/A |
2 Bedrooms | $79.9K | $130K | +62.7% |
3 Bedrooms | $101.8K | $149K | +46.4% |
4 Bedrooms | $145K | $188.5K | +30.0% |
5+ Bedrooms | - | - | N/A |
Summary: Licking housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.7%, 3 bedroom homes increased by 46.4%, 4 bedroom homes increased by 30%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Licking | $84.2K | $144K | +70.9% |
Sherrill Township | $120K | $133K | +10.8% |
Housing Supply in Licking, MO
How many homes are available in Licking, MO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 25 | -19.4% |
Summary: The Licking real estate market had 25 homes for sale in March 2024, a 19.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 8 | 4 | -50.0% |
3 Bedrooms | 14 | 11 | -21.4% |
4 Bedrooms | 7 | 8 | +14.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Licking housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Licking in March 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 93 Days | +20.3% |
Summary: Homes in Licking had an average of 93 days on market in Mar 2024, up by 20.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Licking; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.