Is Hughes County, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hughes County was a Neutral Market.
Key Takeaway
Hughes County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hughes County, OK
How much do homes in Hughes County, OK cost?
Median Sold Price
$136,200
$80/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hughes County have sold for 76% more than they did a year ago.
Summary: The median home sold price in Hughes County was $136,200 in April 2024, up 76% from last year, and the median price per square foot was $80.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $13K | N/A |
| 2 Bedrooms | $40K | $97.4K | +143.6% |
| 3 Bedrooms | $96.4K | $121K | +25.4% |
| 4 Bedrooms | $227.5K | $270K | +18.7% |
| 5+ Bedrooms | $55K | $279K | +407.3% |
Summary: Hughes County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 143.6%, 3 bedroom homes increased by 25.4%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 407.3%.
Median Sold Price Compared To Nearby Counties
| Hughes County | $77.3K | $136.2K | +76.0% |
| Seminole County | $95K | $127K | +33.7% |
| Okfuskee County | $140K | $139.5K | -0.4% |
| Pontotoc County | $180.1K | $176.1K | -2.2% |
Housing Supply in Hughes County, OK
How many homes are available in Hughes County, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 45 | -11.8% |
Summary: The Hughes County real estate market had 45 homes for sale in April 2024, a 11.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Hughes County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hughes County, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Hughes County in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Hughes County, OK
How long does it take to sell a home in Hughes County, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 90 Days | 77 Days | -14.1% |
Summary: Homes in Hughes County had an average of 77 days on market in Apr 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Hughes County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Hughes County; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
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