Is Muskogee, 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, Muskogee has remained a Seller's Market.
Key Takeaway
Muskogee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Muskogee, OK
How much do homes in Muskogee, OK cost?
Median Sold Price
$148,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Muskogee have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Muskogee was $148,500 in May 2024, down 1.7% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.2K | $97.5K | +70.3% |
| 2 Bedrooms | $75K | $75K | 0.0% |
| 3 Bedrooms | $155.1K | $155K | -0.1% |
| 4 Bedrooms | $215.9K | $225K | +4.2% |
| 5+ Bedrooms | $304.2K | $460K | +51.2% |
Summary: Muskogee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.3%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 51.2%.
Median Sold Price Compared To Nearby Cities
| Fort Gibson | $201.5K | $225K | +11.7% |
| South Wagoner | $275K | $300K | +9.1% |
| Muskogee | $151K | $148.5K | -1.7% |
Housing Supply in Muskogee, OK
How many homes are available in Muskogee, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 180 | 170 | -5.6% |
Summary: The Muskogee real estate market had 170 homes for sale in May 2024, a 5.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 33 | 24 | -27.3% |
| 3 Bedrooms | 103 | 95 | -7.8% |
| 4 Bedrooms | 38 | 42 | +10.5% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Muskogee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 39 | -18.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Muskogee, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Muskogee in May 2024, down by 18.8% month-over-month. Of the 39 sold homes, 38% were sold under asking, 36% were sold at asking, and 26% were sold over asking.
Days on Market for Muskogee, OK
How long does it take to sell a home in Muskogee, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 37 Days | +11.1% |
Summary: Homes in Muskogee had an average of 37 days on market in May 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Muskogee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 39 homes were sold in Muskogee; 67% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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