Is Erick, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Erick is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Erick has remained a Buyer's Market.

Key Takeaway

Erick is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Erick, OK

How much do homes in Erick, OK cost?

Median Sold Price

$209,000

$130/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$184,000(+736.0%)

Key Takeaway

Homes in Erick have sold for 736% more than they did a month ago.

Summary: The median home sold price in Erick was $209,000 in December 2024, up 736% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 $25K-
N/A
2 -$209K
N/A
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: Erick housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Erick, OK

How many homes are available in Erick, OK?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
1314+7.7%

Summary: The Erick real estate market had 14 homes for sale in December 2024, a 7.7% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 10
-100.0%
2 56
+20.0%
3 44
0.0%
4 34
+33.3%
5+ 00
0.0%

Summary: The Erick housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Erick, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Erick in December 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Erick, OK

How long does it take to sell a home in Erick, OK?

Average Sale Time

Nov 2024Dec 2024CHANGE
190 Days28 Days-85.3%

Summary: Homes in Erick had an average of 28 days on market in Dec 2024, down by 85.3% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Erick are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 1 homes were sold in Erick; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

Newest Listings in Erick, OK

Nearby Markets to Erick, OK