Is Hughes County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Hughes County has remained a Seller's Market.
Housing Prices in Hughes County, OK
How much do homes in Hughes County, OK cost?
Median Sold Price
$114,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hughes County was $114,000 in May 2024, down 5% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $16K | N/A |
2 Bedrooms | $40K | $88.2K | +120.5% |
3 Bedrooms | $148K | $110K | -25.7% |
4 Bedrooms | $227.5K | $270K | +18.7% |
5+ Bedrooms | $55K | $279K | +407.3% |
Summary: Hughes County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 120.5%, 3 bedroom homes decreased by 25.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 407.3%.
Median Sold Price Compared To Nearby Counties
Seminole County | $99.9K | $130K | +30.1% |
Okfuskee County | $135K | $139.5K | +3.3% |
Pontotoc County | $179.8K | $175K | -2.7% |
Hughes County | $120K | $114K | -5.0% |
Housing Supply in Hughes County, OK
How many homes are available in Hughes County, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
45 | 39 | -13.3% |
Summary: The Hughes County real estate market had 39 homes for sale in May 2024, a 13.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 12 | 10 | -16.7% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hughes County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 9 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Hughes County in May 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Hughes County, OK
How long does it take to sell a home in Hughes County, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 87 Days | +286.3% |
Summary: Homes in Hughes County had an average of 87 days on market in May 2024, up by 286.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Hughes County; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.