Is Inola, 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, Inola has remained a Seller's Market.
Key Takeaway
Inola is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Inola, OK
How much do homes in Inola, OK cost?
Median Sold Price
$315,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Inola have sold for 38.2% more than they did a year ago.
Summary: The median home sold price in Inola was $315,000 in April 2024, up 38.2% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $136.9K | -55.1% |
| 3 Bedrooms | $204.9K | $325.2K | +58.7% |
| 4 Bedrooms | $380K | $310K | -18.4% |
| 5+ Bedrooms | $650K | $1.2M | +84.6% |
Summary: Inola 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 decreased by 55.1%, 3 bedroom homes increased by 58.7%, 4 bedroom homes decreased by 18.4%, and 5+ bedroom homes increased by 84.6%.
Median Sold Price Compared To Nearby Cities
| Inola | $228K | $315K | +38.2% |
| Broken Arrow | $275K | $289.9K | +5.4% |
Housing Supply in Inola, OK
How many homes are available in Inola, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Inola real estate market had 24 homes for sale in April 2024, a 11.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Inola 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inola, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Inola in April 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 0% were sold at asking, and 80% were sold over asking.
Days on Market for Inola, OK
How long does it take to sell a home in Inola, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 11 Days | -78.2% |
Summary: Homes in Inola had an average of 11 days on market in Apr 2024, down by 78.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inola are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Inola; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
