Is Okmulgee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Okmulgee was a Seller's Market.
Key Takeaway
Okmulgee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Okmulgee, OK
How much do homes in Okmulgee, OK cost?
Median Sold Price
$123,000
$86/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Okmulgee have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Okmulgee was $123,000 in May 2024, up 2.9% from last year, and the median price per square foot was $86.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $20K | $64K | +220.0% |
| 2 Bedrooms | $55K | $65K | +18.2% |
| 3 Bedrooms | $127K | $146K | +15.0% |
| 4 Bedrooms | $161.7K | $176.2K | +9.0% |
| 5+ Bedrooms | $199K | $138.3K | -30.5% |
Summary: Okmulgee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 220%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 9%, and 5+ bedroom homes decreased by 30.5%.
Housing Supply in Okmulgee, OK
How many homes are available in Okmulgee, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 83 | +3.8% |
Summary: The Okmulgee real estate market had 83 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 25 | 0.0% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Okmulgee 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 increased by 5.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Okmulgee, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Okmulgee in May 2024, up by 62.5% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Okmulgee, OK
How long does it take to sell a home in Okmulgee, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 64 Days | +8.6% |
Summary: Homes in Okmulgee had an average of 64 days on market in May 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Okmulgee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Okmulgee; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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