Is Muskogee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Muskogee was a Seller's Market.
Key Takeaway
Muskogee 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 Muskogee, OK
How much do homes in Muskogee, OK cost?
Median Sold Price
$148,380
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Muskogee have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Muskogee was $148,380 in March 2024, up 2.5% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.2K | $97.5K | +70.3% |
| 2 Bedrooms | $58.7K | $75K | +27.7% |
| 3 Bedrooms | $149.6K | $155K | +3.6% |
| 4 Bedrooms | $225K | $223.5K | -0.7% |
| 5+ Bedrooms | $315K | $435K | +38.1% |
Summary: Muskogee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.3%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 38.1%.
Median Sold Price Compared To Nearby Cities
| Fort Gibson | $177.5K | $221.5K | +24.8% |
| Muskogee | $144.7K | $148.3K | +2.5% |
Housing Supply in Muskogee, OK
How many homes are available in Muskogee, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 139 | 158 | +13.7% |
Summary: The Muskogee real estate market had 158 homes for sale in March 2024, a 13.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 28 | +40.0% |
| 3 Bedrooms | 85 | 92 | +8.2% |
| 4 Bedrooms | 31 | 30 | -3.2% |
| 5+ Bedrooms | 2 | 7 | +250.0% |
Summary: The Muskogee 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 increased by 40%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 250%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskogee, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Muskogee in March 2024, down by 10.7% month-over-month. Of the 25 sold homes, 32% were sold under asking, 48% were sold at asking, and 20% were sold over asking.
Days on Market for Muskogee, OK
How long does it take to sell a home in Muskogee, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 43 Days | -2.6% |
Summary: Homes in Muskogee had an average of 43 days on market in Mar 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskogee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 25 homes were sold in Muskogee; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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