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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Granite is a buyer's market

Buyer's
Market

Difference Since August 2023

Since last year, Granite has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Granite, OK

How much do homes in Granite, OK cost?

Median Sold Price

$95,000

$75/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$40,000(-29.6%)

Key Takeaway

Homes in Granite have sold for 29.6% less than they did a year ago.

Summary: The median home sold price in Granite was $95,000 in August 2024, down 29.6% from last year, and the median price per square foot was $75.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$95K
N/A
2 $56K$90K
+60.7%
3 $135K$93K
-31.1%
4 $230K$175K
-23.9%
5+ --
N/A

Summary: Granite housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 60.7%, 3 bedroom homes decreased by 31.1%, 4 bedroom homes decreased by 23.9%, and 5+ bedroom homes did not change.

Housing Supply in Granite, OK

How many homes are available in Granite, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
79+28.6%

Summary: The Granite real estate market had 9 homes for sale in August 2024, a 28.6% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 45
+25.0%
4 02
+100.0%
5+ 00
0.0%

Summary: The Granite housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 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 Granite, 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 Granite in August 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 Granite, OK

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

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 Granite are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 1 homes were sold in Granite; 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 20 Days Ago

Newest Listings in Granite, OK

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