Is Northwest Pontotoc, 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, Northwest Pontotoc has remained a Seller's Market.
Key Takeaway
Northwest Pontotoc is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northwest Pontotoc, OK
How much do homes in Northwest Pontotoc, OK cost?
Median Sold Price
$222,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northwest Pontotoc have sold for 5.5% less than they did a year ago.
Summary: The median home sold price in Northwest Pontotoc was $222,000 in March 2024, down 5.5% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $118.7K | $179.5K | +51.1% |
| 3 Bedrooms | $220.7K | $195K | -11.7% |
| 4 Bedrooms | $280K | $225K | -19.6% |
| 5+ Bedrooms | $355.5K | $355K | -0.1% |
Summary: Northwest 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 increased by 51.1%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Ada | $159.9K | $179.2K | +12.1% |
| Northeast Pontotoc | $210K | $235K | +11.9% |
| Southwest Pontotoc | $160K | $158K | -1.3% |
| Northwest Pontotoc | $235K | $222K | -5.5% |
Housing Supply in Northwest Pontotoc, OK
How many homes are available in Northwest Pontotoc, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Northwest Pontotoc real estate market had 14 homes for sale in March 2024, a 12.5% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 7 | 5 | -28.6% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Northwest 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 33.3%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Pontotoc, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Northwest Pontotoc in March 2024, down by 40.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Northwest Pontotoc, OK
How long does it take to sell a home in Northwest Pontotoc, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 119 Days | +147.6% |
Summary: Homes in Northwest Pontotoc had an average of 119 days on market in Mar 2024, up by 147.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Northwest Pontotoc are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Northwest Pontotoc; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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