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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Licking is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Licking has remained a Seller's Market.

Key Takeaway

Licking is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$59,750(+70.9%)

Key Takeaway

Homes in Licking have sold for 70.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 -$485K
N/A
2 $79.9K$130K
+62.7%
3 $101.8K$149K
+46.4%
4 $145K$188.5K
+30.0%
5+ --
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
+70.9%
Sherrill Township
+10.8%

Housing Supply in Licking, MO

How many homes are available in Licking, MO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3125-19.4%

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

# BEDSFeb 2024Mar 2024CHANGE
1 10
-100.0%
2 84
-50.0%
3 1411
-21.4%
4 78
+14.3%
5+ 12
+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 2024Mar 2024CHANGE
880.0%

Asking Price vs. Sold Price

3 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 Licking, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
77 Days93 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

Breakdown of Home Sale Times

Key Takeaway

Most homes in Licking are taking a long time to sell, it's a good idea to negotiate on homes here.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Licking, MO

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