$2,791 Closing Credit*
$235,000
1,452 SqFt
3 Beds
•1 Full Bath, 1 Partial
Max Heckenkemper, Listing Office: Keller Williams Advantage
Is Hoover, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Hoover was a Buyer's Market.
Key Takeaway
Hoover is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hoover, OK
How much do homes in Hoover, OK cost?
Median Sold Price
$215,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,000(+3.4%)
Key Takeaway
Homes in Hoover have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Hoover was $215,000 in November 2024, up 3.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190.9K | $181K | -5.2% |
| 3 Bedrooms | $206.3K | $215K | +4.2% |
| 4 Bedrooms | $229.5K | $275K | +19.8% |
| 5+ Bedrooms | $315K | - | N/A |
Summary: Hoover housing prices by bedroom type for November 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 4.2%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Hoover | $208K | $215K | +3.4% |
| Gracemont | $211.2K | $189.9K | -10.1% |
Housing Supply in Hoover, OK
How many homes are available in Hoover, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 31 | 0.0% |
Summary: The Hoover real estate market had 31 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 28 | 26 | -7.1% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hoover housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hoover, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hoover in November 2024, up by 16.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 46 Days | +82.1% |
Summary: Homes in Hoover had an average of 46 days on market in Nov 2024, up by 82.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hoover has remained consistent over time.
Summary: During November 2024, 7 homes were sold in Hoover; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
