$4,619 Closing Credit*
$389,000
2,305 SqFt
4 Beds
•3 Full Baths
Randy Cannon, Listing Office: Burch Realty Group Hernando
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
$737,450
-
Based on all homes sold in November 2024.
Difference Since Last Month
+$277,550(+60.4%)
Key Takeaway
Homes in Olive Branch have sold for 60.4% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $400K | - | N/A |
| 4 Bedrooms | $380K | - | N/A |
| 5+ Bedrooms | $460K | $737.4K | +60.3% |
Summary: Olive Branch housing prices by bedroom type for November 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 increased by 60.3%.
Housing Supply in Olive Branch, MS
How many homes are available in Olive Branch, MS?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 322 | 300 | -6.8% |
Summary: The Olive Branch real estate market had 300 homes for sale in November 2024, a 6.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 106 | 92 | -13.2% |
| 4 Bedrooms | 119 | 109 | -8.4% |
| 5+ Bedrooms | 92 | 94 | +2.2% |
Summary: The Olive Branch housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 77 | 36 | -53.2% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 50% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Olive Branch in November 2024, down by 53.2% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% 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
