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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Billings is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Billings has remained a Seller's Market.

Key Takeaway

Billings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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 April 2023

+$10,000(+3.6%)

Key Takeaway

Homes in Billings have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Billings was $285,000 in April 2024, up 3.6% from last year, and the median price per square foot was $1,210.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $435K$300K
-31.0%
2 $132.5K$292.4K
+120.7%
3 $249.9K$257K
+2.8%
4 $391K$434.5K
+11.1%
5+ $540K$690K
+27.8%

Summary: Billings housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31%, 2 bedroom homes increased by 120.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 27.8%.

Median Sold Price Compared To Nearby Cities

Billings
+3.6%
East Polk Township
-12.2%

Housing Supply in Billings, MO

How many homes are available in Billings, MO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2023+15.0%

Summary: The Billings real estate market had 23 homes for sale in April 2024, a 15.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 23
+50.0%
2 11
0.0%
3 1210
-16.7%
4 37
+133.3%
5+ 22
0.0%

Summary: The Billings housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 133.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Billings, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Billings in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Apr 2023Apr 2024CHANGE
3 Days75 Days+2050.0%

Summary: Homes in Billings had an average of 75 days on market in Apr 2024, up by 2050% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Billings are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in Billings; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 28 Days Ago

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