$3,028 Closing Credit*
$255,000
1,736 SqFt
3 Beds
•2 Full Baths
Jaybee Hawkins, Listing Office: eXp Realty, LLC
Is Hoover, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 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
$211,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$6,000(+2.9%)
Key Takeaway
Homes in Hoover have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Hoover was $211,000 in September 2024, up 2.9% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190.9K | $181K | -5.2% |
| 3 Bedrooms | $202K | $210K | +4.0% |
| 4 Bedrooms | $229K | $280K | +22.3% |
| 5+ Bedrooms | - | $315K | N/A |
Summary: Hoover housing prices by bedroom type for September 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%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Boman Acres | $189.1K | $205K | +8.4% |
| Hoover | $205K | $211K | +2.9% |
Housing Supply in Hoover, OK
How many homes are available in Hoover, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 27 | 34 | +25.9% |
Summary: The Hoover real estate market had 34 homes for sale in September 2024, a 25.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 22 | 27 | +22.7% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Hoover housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hoover, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hoover in September 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 4 Days | 58 Days | +1098.2% |
Summary: Homes in Hoover had an average of 58 days on market in Sep 2024, up by 1098.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 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 September 2024, 5 homes were sold in Hoover; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
