Is Ottawa County, 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, Ottawa County has remained a Seller's Market.
Housing Prices in Ottawa County, OK
How much do homes in Ottawa County, OK cost?
Median Sold Price
$275,000
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ottawa County was $275,000 in May 2024, down 25.7% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $69.4K | $21.6K | -68.8% |
2 Bedrooms | $242.5K | $230K | -5.2% |
3 Bedrooms | $350K | $200K | -42.9% |
4 Bedrooms | $530K | $517.5K | -2.4% |
5+ Bedrooms | $545K | $565K | +3.7% |
Summary: Ottawa County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.8%, 2 bedroom homes decreased by 5.2%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Counties
McDonald County | $171.6K | $227K | +32.3% |
Cherokee County | $89.9K | $111.3K | +23.7% |
Newton County | $175.1K | $185.8K | +6.1% |
Craig County | $189K | $155K | -18.0% |
Ottawa County | $370K | $275K | -25.7% |
Housing Supply in Ottawa County, OK
How many homes are available in Ottawa County, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 65 | +10.2% |
Summary: The Ottawa County real estate market had 65 homes for sale in May 2024, a 10.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 26 | 29 | +11.5% |
4 Bedrooms | 17 | 15 | -11.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Ottawa County 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 increased by 57.1%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 13 | +44.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Ottawa County in May 2024, up by 44.4% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Ottawa County, OK
How long does it take to sell a home in Ottawa County, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 55 Days | +3.3% |
Summary: Homes in Ottawa County had an average of 55 days on market in May 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Ottawa County; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.