Is Billings, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Billings was a Seller's Market.
Housing Prices in Billings, MO
How much do homes in Billings, MO cost?
Median Sold Price
$285,000
$1,210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Billings was $285,000 in May 2024, down 1.7% from last year, and the median price per square foot was $1,210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $300K | -31.0% |
2 Bedrooms | $134.9K | $292.4K | +116.8% |
3 Bedrooms | $250K | $253.4K | +1.4% |
4 Bedrooms | $391K | $439K | +12.3% |
5+ Bedrooms | $443K | $990K | +123.5% |
Summary: Billings housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 116.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 123.5%.
Median Sold Price Compared To Nearby Cities
Billings | $290K | $285K | -1.7% |
East Polk Township | $290K | $254.5K | -12.2% |
Housing Supply in Billings, MO
How many homes are available in Billings, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 24 | +14.3% |
Summary: The Billings real estate market had 24 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 10 | 12 | +20.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Billings housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Billings in May 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Billings, MO
How long does it take to sell a home in Billings, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 8 Days | -86.4% |
Summary: Homes in Billings had an average of 8 days on market in May 2024, down by 86.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Billings; 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.