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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hughes County is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Hughes County was a Seller's Market.

Key Takeaway

Hughes County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hughes County, OK

How much do homes in Hughes County, OK cost?

Median Sold Price

$142,903

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$23,403(+19.6%)

Key Takeaway

Homes in Hughes County have sold for 19.6% more than they did a year ago.

Summary: The median home sold price in Hughes County was $142,903 in September 2024, up 19.6% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$88K
N/A
2 $47.5K$89K
+87.4%
3 $112K$139.9K
+24.9%
4 $168.9K$235K
+39.1%
5+ $167K$172.5K
+3.3%

Summary: Hughes County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 87.4%, 3 bedroom homes increased by 24.9%, 4 bedroom homes increased by 39.1%, and 5+ bedroom homes increased by 3.3%.

Median Sold Price Compared To Nearby Counties

Seminole County
+30.6%
Hughes County
+19.6%
Pontotoc County
+15.3%
Okfuskee County
0.0%

Housing Supply in Hughes County, OK

How many homes are available in Hughes County, OK?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5958-1.7%

Summary: The Hughes County real estate market had 58 homes for sale in September 2024, a 1.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 12
+100.0%
2 1316
+23.1%
3 3429
-14.7%
4 1110
-9.1%
5+ 01
+100.0%

Summary: The Hughes County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 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 Hughes County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Hughes County in September 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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

Sep 2023Sep 2024CHANGE
28 Days85 Days+203.6%

Summary: Homes in Hughes County had an average of 85 days on market in Sep 2024, up by 203.6% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in Hughes County; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 30 Days Ago

Newest Listings in Hughes County, OK

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What housing markets are near Hughes County, OK?