Is Olive Branch, MS a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Olive Branch has remained a Buyer's Market.
Housing Prices in Olive Branch, MS
How much do homes in Olive Branch, MS cost?
Median Sold Price
$290,000
-
Based on all homes sold in March 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | - | $230.2K | N/A |
4 Bedrooms | $338.5K | $290K | -14.3% |
5+ Bedrooms | - | $310K | N/A |
Summary: Olive Branch housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Memphis | $200K | $200.1K | 0.1% |
Olive Branch | $338.5K | $290K | -14.3% |
Housing Supply in Olive Branch, MS
How many homes are available in Olive Branch, MS?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
363 | 397 | +9.4% |
Summary: The Olive Branch real estate market had 397 homes for sale in March 2024, a 9.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 7 | +75.0% |
3 Bedrooms | 119 | 123 | +3.4% |
4 Bedrooms | 140 | 150 | +7.1% |
5+ Bedrooms | 100 | 117 | +17.0% |
Summary: The Olive Branch housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 17%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
44 | 49 | +11.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Olive Branch in March 2024, up by 11.4% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Olive Branch, MS
We’re sorry, we don't have information for this market at the moment