Is Inola, 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, Inola has remained a Seller's Market.
Key Takeaway
Inola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inola, OK
How much do homes in Inola, OK cost?
Median Sold Price
$290,750
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Inola have sold for 27.5% more than they did a year ago.
Summary: The median home sold price in Inola was $290,750 in March 2024, up 27.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $136.9K | -55.1% |
| 3 Bedrooms | $204.9K | $290K | +41.5% |
| 4 Bedrooms | $410K | $300K | -26.8% |
| 5+ Bedrooms | $650K | $1.2M | +84.6% |
Summary: Inola housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.1%, 3 bedroom homes increased by 41.5%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes increased by 84.6%.
Median Sold Price Compared To Nearby Cities
| Inola | $228K | $290.7K | +27.5% |
| Broken Arrow | $271.5K | $289.9K | +6.8% |
Housing Supply in Inola, OK
How many homes are available in Inola, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 25 | +4.2% |
Summary: The Inola real estate market had 25 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Inola housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Inola, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Inola in March 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Inola, OK
How long does it take to sell a home in Inola, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 53 Days | +324.6% |
Summary: Homes in Inola had an average of 53 days on market in Mar 2024, up by 324.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inola are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 6 homes were sold in Inola; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
