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
Last month, Olive Branch was a Seller's Market.
Key Takeaway
Olive Branch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Olive Branch, MS
How much do homes in Olive Branch, MS cost?
Median Sold Price
$425,000
-
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Olive Branch have sold for 21.6% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $275K | $209.9K | -23.7% |
| 4 Bedrooms | $330K | $410K | +24.2% |
| 5+ Bedrooms | $424.5K | $564.5K | +33.0% |
Summary: Olive Branch housing prices by bedroom type for June 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 decreased by 23.7%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 33%.
Median Sold Price Compared To Nearby Cities
| Olive Branch | $349.5K | $425K | +21.6% |
| Southaven | $294.5K | $300K | +1.9% |
Housing Supply in Olive Branch, MS
How many homes are available in Olive Branch, MS?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 368 | 380 | +3.3% |
Summary: The Olive Branch real estate market had 380 homes for sale in June 2024, a 3.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 94 | 101 | +7.4% |
| 4 Bedrooms | 138 | 147 | +6.5% |
| 5+ Bedrooms | 127 | 123 | -3.1% |
Summary: The Olive Branch housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 81 | 51 | -37.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olive Branch, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Olive Branch in June 2024, down by 37.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
