Is Northeast Pontotoc, 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, Northeast Pontotoc has remained a Buyer's Market.
Key Takeaway
Northeast Pontotoc is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northeast Pontotoc, OK
How much do homes in Northeast Pontotoc, OK cost?
Median Sold Price
$231,450
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Northeast Pontotoc have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Northeast Pontotoc was $231,450 in May 2024, up 10.2% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $117K | +6.4% |
| 3 Bedrooms | $250.5K | $235K | -6.2% |
| 4 Bedrooms | $220K | $235.4K | +7.0% |
| 5+ Bedrooms | $550K | $385K | -30.0% |
Summary: Northeast Pontotoc 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 increased by 6.4%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 30%.
Median Sold Price Compared To Nearby Cities
| Northeast Pontotoc | $210K | $231.4K | +10.2% |
| Ada | $178.9K | $175K | -2.2% |
Housing Supply in Northeast Pontotoc, OK
How many homes are available in Northeast Pontotoc, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Summary: The Northeast Pontotoc real estate market had 12 homes for sale in May 2024, a 7.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 11 | 8 | -27.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Northeast Pontotoc 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 27.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Pontotoc, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Northeast Pontotoc in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Northeast Pontotoc, OK
How long does it take to sell a home in Northeast Pontotoc, OK?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northeast Pontotoc has remained consistent over time.
Summary: During May 2024, 1 homes were sold in Northeast Pontotoc; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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