Is Ada, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ada has remained a Seller's Market.
Key Takeaway
Ada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ada, OK
How much do homes in Ada, OK cost?
Median Sold Price
$176,150
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ada have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Ada was $176,150 in April 2024, up 6.8% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $38K | $69.5K | +82.9% |
| 2 Bedrooms | $69K | $107.5K | +55.8% |
| 3 Bedrooms | $173.7K | $175.8K | +1.2% |
| 4 Bedrooms | $280K | $265K | -5.4% |
| 5+ Bedrooms | $575K | $380K | -33.9% |
Summary: Ada housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 82.9%, 2 bedroom homes increased by 55.8%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 33.9%.
Median Sold Price Compared To Nearby Cities
| Southeast Pontotoc | $185K | $198K | +7.0% |
| Ada | $165K | $176.1K | +6.8% |
| Northeast Pontotoc | $220K | $230K | +4.5% |
Housing Supply in Ada, OK
How many homes are available in Ada, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 154 | +14.9% |
Summary: The Ada real estate market had 154 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 75 | 88 | +17.3% |
| 4 Bedrooms | 24 | 32 | +33.3% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Ada housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ada, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Ada in April 2024, up by 15.6% month-over-month. Of the 37 sold homes, 51% were sold under asking, 35% were sold at asking, and 14% were sold over asking.
Days on Market for Ada, OK
How long does it take to sell a home in Ada, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 26 Days | -15.6% |
Summary: Homes in Ada had an average of 26 days on market in Apr 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ada are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 37 homes were sold in Ada; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 