Is Garvin County, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Garvin County is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Garvin County has remained a Neutral Market.

Key Takeaway

Garvin County 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 Garvin County, OK

How much do homes in Garvin County, OK cost?

Median Sold Price

$181,500

$105/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$26,500(+17.1%)

Key Takeaway

Homes in Garvin County have sold for 17.1% more than they did a year ago.

Summary: The median home sold price in Garvin County was $181,500 in February 2024, up 17.1% from last year, and the median price per square foot was $105.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $682.5K$748.5K
+9.7%
2 $78K$90.6K
+16.2%
3 $155K$192K
+23.9%
4 $245K$255K
+4.1%
5+ $335K$1.3M
+294.2%

Summary: Garvin County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 16.2%, 3 bedroom homes increased by 23.9%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 294.2%.

Median Sold Price Compared To Nearby Counties

Garvin County
+17.1%
Carter County
+12.3%
McClain County
+8.5%
Murray County
-13.8%

Housing Supply in Garvin County, OK

How many homes are available in Garvin County, OK?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
102108+5.9%

Summary: The Garvin County real estate market had 108 homes for sale in February 2024, a 5.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2123
+9.5%
3 5863
+8.6%
4 1918
-5.3%
5+ 44
0.0%

Summary: The Garvin County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1418+28.6%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Garvin County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Garvin County in February 2024, up by 28.6% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.

Days on Market for Garvin County, OK

How long does it take to sell a home in Garvin County, OK?

Average Sale Time

Feb 2023Feb 2024CHANGE
81 Days52 Days-35.9%

Summary: Homes in Garvin County had an average of 52 days on market in Feb 2024, down by 35.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 18 homes were sold in Garvin County; 39% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 22% 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 27 Days Ago

Newest Listings in Garvin County, OK

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