Is Jones, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jones has remained a Seller's Market.
Key Takeaway
Jones is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jones, OK
How much do homes in Jones, OK cost?
Median Sold Price
$410,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jones have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in Jones was $410,000 in May 2024, down 2.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259K | - | N/A |
| 2 Bedrooms | $155K | $131.5K | -15.2% |
| 3 Bedrooms | $304.7K | $215K | -29.5% |
| 4 Bedrooms | $500.3K | $523K | +4.5% |
| 5+ Bedrooms | $470K | $508K | +8.1% |
Summary: Jones housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.2%, 3 bedroom homes decreased by 29.5%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
| Choctaw | $296.6K | $309.8K | +4.4% |
| Oklahoma City | $248.9K | $250K | 0.4% |
| Oklahoma City Northeast | $449.3K | $444.3K | -1.1% |
| Jones | $419.5K | $410K | -2.3% |
Housing Supply in Jones, OK
How many homes are available in Jones, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 74 | 70 | -5.4% |
Summary: The Jones real estate market had 70 homes for sale in May 2024, a 5.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 27 | 27 | 0.0% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Jones housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jones, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Jones in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Jones, OK
How long does it take to sell a home in Jones, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 42 Days | -0.4% |
Summary: Homes in Jones had an average of 42 days on market in May 2024, down by 0.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jones are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Jones; 69% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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