Is Ada, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ada has remained a Seller's Market.
Key Takeaway
Ada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ada, OK
How much do homes in Ada, OK cost?
Median Sold Price
$179,230
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ada have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Ada was $179,230 in March 2024, up 12.1% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $94.7K | +149.3% |
| 2 Bedrooms | $75K | $104K | +38.7% |
| 3 Bedrooms | $167K | $180K | +7.8% |
| 4 Bedrooms | $267.5K | $254K | -5.0% |
| 5+ Bedrooms | $535K | $532.5K | -0.5% |
Summary: Ada housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 149.3%, 2 bedroom homes increased by 38.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
| Ada | $159.9K | $179.2K | +12.1% |
| Northeast Pontotoc | $210K | $235K | +11.9% |
Housing Supply in Ada, OK
How many homes are available in Ada, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 131 | +4.0% |
Summary: The Ada real estate market had 131 homes for sale in March 2024, a 4.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 24 | 28 | +16.7% |
| 3 Bedrooms | 69 | 68 | -1.4% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Ada housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 29 | -6.5% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ada, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Ada in March 2024, down by 6.5% month-over-month. Of the 29 sold homes, 55% were sold under asking, 31% were sold at asking, and 14% were sold over asking.
Days on Market for Ada, OK
How long does it take to sell a home in Ada, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 57 Days | +41.0% |
Summary: Homes in Ada had an average of 57 days on market in Mar 2024, up by 41% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ada are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in Ada; 45% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
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