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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Licking is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Licking has remained a Buyer's Market.

Key Takeaway

Licking is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Licking, MO

How much do homes in Licking, MO cost?

Median Sold Price

$225,000

-

Based on all homes sold in May 2024.

Difference Since Last Month

-$130,000(-36.6%)

Key Takeaway

Homes in Licking have sold for 36.6% less than they did a month ago.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $355K-
N/A
4 -$225K
N/A
5+ --
N/A

Summary: Licking housing prices by bedroom type for May 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 did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Licking
-36.6%
Sherrill Township
-36.6%

Housing Supply in Licking, MO

How many homes are available in Licking, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1922+15.8%

Summary: The Licking real estate market had 22 homes for sale in May 2024, a 15.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 22
0.0%
3 711
+57.1%
4 87
-12.5%
5+ 22
0.0%

Summary: The Licking housing inventory by bedroom type for May 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 57.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was 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 2 homes were sold or pending in Licking in May 2024, the same as the previous month. Of the 1 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

Apr 2024May 2024CHANGE
108 Days18 Days-83.3%

Summary: Homes in Licking had an average of 18 days on market in May 2024, down by 83.3% compared to last month.

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.

Summary: During May 2024, 2 homes were sold in Licking; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Licking, MO

Nearby Markets to Licking, MO

What housing markets are near Licking, MO?