$2,136 Closing Credit*
$179,900
1,360 SqFt
3 Beds
•1 Full Bath, 1 Partial
Robb Hopper, Listing Office: REAL Brokers LLC.
Is Hoover, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hoover was a Seller's Market.
Key Takeaway
Hoover is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Hoover, OK
How much do homes in Hoover, OK cost?
Median Sold Price
$222,850
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$17,850(+8.7%)
Key Takeaway
Homes in Hoover have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in Hoover was $222,850 in October 2024, up 8.7% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190.9K | $181K | -5.2% |
| 3 Bedrooms | $202K | $219K | +8.4% |
| 4 Bedrooms | $229.5K | $275K | +19.8% |
| 5+ Bedrooms | $315K | - | N/A |
Summary: Hoover housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Hoover | $205K | $222.8K | +8.7% |
| Boman Acres | $191.1K | $207K | +8.3% |
Housing Supply in Hoover, OK
How many homes are available in Hoover, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Hoover real estate market had 36 homes for sale in October 2024, a 9.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 28 | 32 | +14.3% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hoover 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 decreased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hoover, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hoover in October 2024, up by 20.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Hoover, OK
How long does it take to sell a home in Hoover, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 26 Days | +111.4% |
Summary: Homes in Hoover had an average of 26 days on market in Oct 2024, up by 111.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hoover are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Hoover; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
