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 Neutral Market.
Housing Prices in Olive Branch, MS
How much do homes in Olive Branch, MS cost?
Median Sold Price
$330,000
-
Based on all homes sold in May 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $349.9K | $275K | -21.4% |
4 Bedrooms | - | $298.7K | N/A |
5+ Bedrooms | - | $424.5K | N/A |
Summary: Olive Branch 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 decreased by 21.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Southaven | $270.5K | $294.5K | +8.9% |
Olive Branch | $349.9K | $330K | -5.7% |
Housing Supply in Olive Branch, MS
How many homes are available in Olive Branch, MS?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
330 | 382 | +15.8% |
Summary: The Olive Branch real estate market had 382 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 93 | 98 | +5.4% |
4 Bedrooms | 124 | 143 | +15.3% |
5+ Bedrooms | 104 | 132 | +26.9% |
Summary: The Olive Branch 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 5.4%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 70 | +32.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Olive Branch in May 2024, up by 32.1% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% 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