Is Inola, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inola is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Inola was a Buyer'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

$322,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$55,000(+20.6%)

Key Takeaway

Homes in Inola have sold for 20.6% more than they did a year ago.

Summary: The median home sold price in Inola was $322,500 in November 2024, up 20.6% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$41.5K
N/A
2 $206.5K$288.8K
+39.9%
3 $255K$317.5K
+24.5%
4 $301K$328K
+9.0%
5+ $1.2M$385K
-67.9%

Summary: Inola housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 67.9%.

Median Sold Price Compared To Nearby Cities

Inola
+20.6%
Broken Arrow
+3.5%

Housing Supply in Inola, OK

How many homes are available in Inola, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2122+4.8%

Summary: The Inola real estate market had 22 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 31
-66.7%
3 1313
0.0%
4 13
+200.0%
5+ 33
0.0%

Summary: The Inola housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inola, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Inola in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% 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

Nov 2023Nov 2024CHANGE
15 Days6 Days-58.7%

Summary: Homes in Inola had an average of 6 days on market in Nov 2024, down by 58.7% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 5 homes were sold in Inola; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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