Is Mounds, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Mounds was a Neutral Market.
Key Takeaway
Mounds is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mounds, OK
How much do homes in Mounds, OK cost?
Median Sold Price
$282,000
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mounds have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Mounds was $282,000 in May 2024, up 9.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125K | $143K | +14.4% |
| 3 Bedrooms | $244.5K | $234.5K | -4.1% |
| 4 Bedrooms | $327K | $467.5K | +43.0% |
| 5+ Bedrooms | $640.5K | $745.5K | +16.4% |
Summary: Mounds 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 14.4%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 43%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Mounds | $258.5K | $282K | +9.1% |
| Mounds | $258K | $257.9K | 0% |
| Beggs | $310K | $250K | -19.4% |
Housing Supply in Mounds, OK
How many homes are available in Mounds, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 14 | +16.7% |
Summary: The Mounds real estate market had 14 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mounds 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 increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mounds, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Mounds in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Mounds, OK
How long does it take to sell a home in Mounds, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 14 Days | +377.8% |
Summary: Homes in Mounds had an average of 14 days on market in May 2024, up by 377.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mounds are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Mounds; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
