Is East Mayes, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Mayes is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, East Mayes was a Seller's Market.

Key Takeaway

East Mayes is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Mayes, OK

How much do homes in East Mayes, OK cost?

Median Sold Price

$228,000

$148/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$13,000(+6.0%)

Key Takeaway

Homes in East Mayes have sold for 6% more than they did a year ago.

Summary: The median home sold price in East Mayes was $228,000 in December 2024, up 6% from last year, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $174.5K$211K
+20.9%
2 $124.9K$177.5K
+42.1%
3 $207.5K$218.5K
+5.3%
4 $360K$616.7K
+71.3%
5+ $862.5K$350K
-59.4%

Summary: East Mayes housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.9%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 71.3%, and 5+ bedroom homes decreased by 59.4%.

Housing Supply in East Mayes, OK

How many homes are available in East Mayes, OK?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2426+8.3%

Summary: The East Mayes real estate market had 26 homes for sale in December 2024, a 8.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 1314
+7.7%
4 55
0.0%
5+ 11
0.0%

Summary: The East Mayes housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 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 East Mayes, 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 East Mayes in December 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 East Mayes, OK

How long does it take to sell a home in East Mayes, OK?

Average Sale Time

Dec 2023Dec 2024CHANGE
26 Days28 Days+8.9%

Summary: Homes in East Mayes had an average of 28 days on market in Dec 2024, up by 8.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 4 homes were sold in East Mayes; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% 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 13 Days Ago

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