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 August 2021

At the same time last year, Licking was a Neutral Market.

Key Takeaway

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

How much do homes in Licking, MO cost?

Median Sold Price

$78,450

$84/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

-$18,550(-19.1%)

Key Takeaway

Homes in Licking have sold for 19.1% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $68.5K-
N/A
2 $70K$75K
+7.1%
3 $100K$83.5K
-16.5%
4 $97K-
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Sherrill Township
+6.2%
Licking
-19.1%

How many homes are available in Licking, MO?

Number of Homes For Sale

Jul 2022Aug 2022%
910+11.1%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 22
0.0%
3 66
0.0%
4 12
+100.0%
5+ 00
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
220.0%

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

Average Sale Time

Aug 2021Aug 2022%
17 Days1 Days-91.4%

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

Breakdown of Home Sale Times

Key Takeaway

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

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

About Licking, MO

Homes for sale in Licking, MO have reached 10. The number of homes for sale in Licking, MO increased by 11.1% between July 2022 and August 2022. Listings spent 1 days on the market in August 2022, and had a median list price of $78,450 during the same period. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 7.1%, prices of 3 bedrooms properties went down by 16.5%, prices of 4 bedrooms properties increased by 0%, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, 3 bedrooms homes did not move, 4 bedrooms homes inventory increased by 100%, 5 bedrooms homes inventory did not change. Licking, MO housing market in August 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below.