$4,155 Closing Credit*
$349,900
3,200 SqFt
4 Beds
•2 Full Baths, 1 Partial
Wayne Bartley, Listing Office: Dream Maker Realty
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
Since last month, Olive Branch has remained a Seller's Market.
Key Takeaway
Olive Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olive Branch, MS
How much do homes in Olive Branch, MS cost?
Median Sold Price
$498,500
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$148,000(+42.2%)
Key Takeaway
Homes in Olive Branch have sold for 42.2% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $277K | $400K | +44.4% |
| 4 Bedrooms | $424K | $537K | +26.7% |
| 5+ Bedrooms | - | $600K | N/A |
Summary: Olive Branch housing prices by bedroom type for October 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 increased by 44.4%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Olive Branch | $350.5K | $498.5K | +42.2% |
| Memphis | $192K | $190.4K | -0.8% |
Housing Supply in Olive Branch, MS
How many homes are available in Olive Branch, MS?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 339 | 326 | -3.8% |
Summary: The Olive Branch real estate market had 326 homes for sale in October 2024, a 3.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 104 | 104 | 0.0% |
| 4 Bedrooms | 135 | 126 | -6.7% |
| 5+ Bedrooms | 96 | 91 | -5.2% |
Summary: The Olive Branch housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 5.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 66 | 62 | -6.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Olive Branch, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Olive Branch in October 2024, down by 6.1% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% 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
