Is East Mayes, 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, East Mayes was a Seller's Market.
Key Takeaway
East Mayes is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Mayes, OK
How much do homes in East Mayes, OK cost?
Median Sold Price
$216,500
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Mayes have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in East Mayes was $216,500 in May 2024, up 8.8% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $91.2K | $200K | +119.2% |
| 2 Bedrooms | $157.3K | $127.4K | -19.0% |
| 3 Bedrooms | $180K | $240K | +33.3% |
| 4 Bedrooms | $447.5K | $350K | -21.8% |
| 5+ Bedrooms | $784K | $862.5K | +10.0% |
Summary: East Mayes housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 119.2%, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 21.8%, and 5+ bedroom homes increased by 10%.
Housing Supply in East Mayes, OK
How many homes are available in East Mayes, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Summary: The East Mayes real estate market had 35 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 10 | -16.7% |
| 3 Bedrooms | 13 | 18 | +38.5% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Mayes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in East Mayes, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in East Mayes in May 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for East Mayes, OK
How long does it take to sell a home in East Mayes, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 82 Days | +1618.8% |
Summary: Homes in East Mayes had an average of 82 days on market in May 2024, up by 1618.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in East Mayes are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 4 homes were sold in East Mayes; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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