Is Ada, 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, Ada was a Seller's Market.
Key Takeaway
Ada 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 Ada, OK
How much do homes in Ada, OK cost?
Median Sold Price
$175,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ada have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Ada was $175,000 in May 2024, down 2.2% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $44K | $69.5K | +58.0% |
| 2 Bedrooms | $79.5K | $108.5K | +36.5% |
| 3 Bedrooms | $189.9K | $175K | -7.9% |
| 4 Bedrooms | $265K | $302K | +14.0% |
| 5+ Bedrooms | $349.9K | $380K | +8.6% |
Summary: Ada housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58%, 2 bedroom homes increased by 36.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 8.6%.
Median Sold Price Compared To Nearby Cities
| Northeast Pontotoc | $210K | $231.4K | +10.2% |
| Ada | $178.9K | $175K | -2.2% |
| Southeast Pontotoc | $235K | $158.5K | -32.6% |
Housing Supply in Ada, OK
How many homes are available in Ada, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 149 | 145 | -2.7% |
Summary: The Ada real estate market had 145 homes for sale in May 2024, a 2.7% 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 | 26 | 25 | -3.8% |
| 3 Bedrooms | 85 | 75 | -11.8% |
| 4 Bedrooms | 31 | 35 | +12.9% |
| 5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Ada 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 decreased by 3.8%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 23 | -36.1% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ada, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Ada in May 2024, down by 36.1% month-over-month. Of the 23 sold homes, 74% were sold under asking, 17% were sold at asking, and 9% were sold over asking.
Days on Market for Ada, OK
How long does it take to sell a home in Ada, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +21.8% |
Summary: Homes in Ada had an average of 26 days on market in May 2024, up by 21.8% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ada are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Ada; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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