Is Muskogee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Muskogee has remained a Seller's Market.
Key Takeaway
Muskogee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskogee, OK
How much do homes in Muskogee, OK cost?
Median Sold Price
$147,275
$99/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Muskogee have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Muskogee was $147,275 in November 2023, up 9.3% from last year, and the median price per square foot was $99.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $15K | $99.2K | +561.7% |
| 2 Bedrooms | $57.5K | $71K | +23.5% |
| 3 Bedrooms | $143.7K | $153.8K | +7.0% |
| 4 Bedrooms | $217K | $201K | -7.4% |
| 5+ Bedrooms | $312K | $390K | +25.0% |
Summary: Muskogee housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 561.7%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Fort Gibson | $172K | $202.4K | +17.7% |
| Muskogee | $134.8K | $147.2K | +9.3% |
| Muskogee Southwest | $208K | $223.7K | +7.6% |
| South Wagoner | $252.4K | $253K | 0.2% |
Housing Supply in Muskogee, OK
How many homes are available in Muskogee, OK?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 173 | 176 | +1.7% |
Summary: The Muskogee real estate market had 176 homes for sale in November 2023, a 1.7% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 112 | 108 | -3.6% |
| 4 Bedrooms | 33 | 41 | +24.2% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Muskogee housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 29 | 38 | +31.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskogee, you may be able to get a good deal. 55.3% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Muskogee in November 2023, up by 31.0% month-over-month. Of the 38 sold homes, 55% were sold under asking, 26% were sold at asking, and 18% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 38 Days | 44 Days | +16.8% |
Summary: Homes in Muskogee had an average of 44 days on market in Nov 2023, up by 16.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 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 November 2023, 38 homes were sold in Muskogee; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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