Is Ottawa County, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ottawa County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Ottawa County was a Seller's Market.

Key Takeaway

Ottawa County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Ottawa County, OK

How much do homes in Ottawa County, OK cost?

Median Sold Price

$325,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$65,000(-16.7%)

Key Takeaway

Homes in Ottawa County have sold for 16.7% less than they did a year ago.

Summary: The median home sold price in Ottawa County was $325,000 in February 2024, down 16.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $55.4K$145K
+161.5%
2 $219K$250K
+14.2%
3 $350K$310K
-11.4%
4 $599.9K$584.9K
-2.5%
5+ $545K$655K
+20.2%

Summary: Ottawa County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 161.5%, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Counties

McDonald County
+25.4%
Newton County
+5.9%
Craig County
-11.8%
Ottawa County
-16.7%

Housing Supply in Ottawa County, OK

How many homes are available in Ottawa County, OK?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
4143+4.9%

Summary: The Ottawa County real estate market had 43 homes for sale in February 2024, a 4.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 14
+300.0%
2 76
-14.3%
3 2221
-4.5%
4 78
+14.3%
5+ 44
0.0%

Summary: The Ottawa County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ottawa County, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Ottawa County in February 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Ottawa County, OK

How long does it take to sell a home in Ottawa County, OK?

Average Sale Time

Feb 2023Feb 2024CHANGE
16 Days71 Days+331.2%

Summary: Homes in Ottawa County had an average of 71 days on market in Feb 2024, up by 331.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Ottawa County has remained consistent over time.

Summary: During February 2024, 4 homes were sold in Ottawa County; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Ottawa County, OK

Nearby Markets to Ottawa County, OK

What housing markets are near Ottawa County, OK?