$2,945 Closing Credit*
$248,000
1,525 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tonja Weaver, Listing Office: Sweeney & Assoc of Holdenville
Is Ada, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ada has remained a Seller's Market.
Key Takeaway
Ada is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ada, OK
How much do homes in Ada, OK cost?
Median Sold Price
$194,500
$121/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$13,730(+7.6%)
Key Takeaway
Homes in Ada have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Ada was $194,500 in October 2024, up 7.6% from last year, and the median price per square foot was $121.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.7K | $22.4K | -75.0% |
| 2 Bedrooms | $89.9K | $102K | +13.4% |
| 3 Bedrooms | $187.9K | $214.6K | +14.2% |
| 4 Bedrooms | $249.5K | $312.5K | +25.3% |
| 5+ Bedrooms | $748.7K | $237.5K | -68.3% |
Summary: Ada housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes decreased by 68.3%.
Median Sold Price Compared To Nearby Cities
| Southeast Pontotoc | $235K | $275K | +17.0% |
| Ada | $180.7K | $194.5K | +7.6% |
Housing Supply in Ada, OK
How many homes are available in Ada, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 172 | +10.3% |
Summary: The Ada real estate market had 172 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 98 | 107 | +9.2% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Ada housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 33 | +13.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ada, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Ada in October 2024, up by 13.8% month-over-month. Of the 33 sold homes, 58% were sold under asking, 30% were sold at asking, and 12% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 38 Days | -10.7% |
Summary: Homes in Ada had an average of 38 days on market in Oct 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 33 homes were sold in Ada; 61% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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