Is Northeast Pontotoc, 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, Northeast Pontotoc was a Buyer's Market.
Key Takeaway
Northeast Pontotoc is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast Pontotoc, OK
How much do homes in Northeast Pontotoc, OK cost?
Median Sold Price
$235,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northeast Pontotoc have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Northeast Pontotoc was $235,000 in March 2024, up 11.9% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $108K | -1.8% |
| 3 Bedrooms | $285.4K | $240K | -15.9% |
| 4 Bedrooms | $257.8K | $235.4K | -8.7% |
| 5+ Bedrooms | $550K | $385K | -30.0% |
Summary: Northeast Pontotoc 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 1.8%, 3 bedroom homes decreased by 15.9%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Cities
| Ada | $159.9K | $179.2K | +12.1% |
| Northeast Pontotoc | $210K | $235K | +11.9% |
Housing Supply in Northeast Pontotoc, OK
How many homes are available in Northeast Pontotoc, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Summary: The Northeast Pontotoc real estate market had 14 homes for sale in March 2024, a 6.7% decrease 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northeast Pontotoc 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 decreased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Pontotoc, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Northeast Pontotoc in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Northeast Pontotoc, OK
How long does it take to sell a home in Northeast Pontotoc, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 44 Days | +531.4% |
Summary: Homes in Northeast Pontotoc had an average of 44 days on market in Mar 2024, up by 531.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Pontotoc are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Northeast Pontotoc; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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