Is Billings, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Billings has remained 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 April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $435K | $300K | -31.0% |
2 Bedrooms | $132.5K | $292.4K | +120.7% |
3 Bedrooms | $249.9K | $257K | +2.8% |
4 Bedrooms | $391K | $434.5K | +11.1% |
5+ Bedrooms | $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 | $275K | $285K | +3.6% |
East Polk Township | $289.9K | $254.5K | -12.2% |
Housing Supply in Billings, MO
How many homes are available in Billings, MO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 23 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 3 | 7 | +133.3% |
5+ Bedrooms | 2 | 2 | 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 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 4 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
3 Days | 75 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
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.