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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Muskogee is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Muskogee has remained a Seller's Market.

Key Takeaway

Muskogee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Muskogee, OK

How much do homes in Muskogee, OK cost?

Median Sold Price

$157,200

$109/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,925(+6.7%)

Key Takeaway

Homes in Muskogee have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Muskogee was $157,200 in October 2024, up 6.7% from last year, and the median price per square foot was $109.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $99.2K$95K
-4.3%
2 $75K$80K
+6.7%
3 $155.1K$164.9K
+6.3%
4 $200.4K$245K
+22.2%
5+ $347.2K$325K
-6.4%

Summary: Muskogee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 6.4%.

Median Sold Price Compared To Nearby Cities

South Wagoner
+32.6%
Fort Gibson
+10.2%
Muskogee
+6.7%
Muskogee Southwest
-6.1%

Housing Supply in Muskogee, OK

How many homes are available in Muskogee, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
194195+0.5%

Summary: The Muskogee real estate market had 195 homes for sale in October 2024, a 0.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 3229
-9.4%
3 108112
+3.7%
4 4245
+7.1%
5+ 117
-36.4%

Summary: The Muskogee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 36.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4133-19.5%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Muskogee, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Muskogee in October 2024, down by 19.5% month-over-month. Of the 33 sold homes, 61% were sold under asking, 33% were sold at asking, and 6% were sold over asking.

Days on Market for Muskogee, OK

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

Average Sale Time

Oct 2023Oct 2024CHANGE
36 Days41 Days+14.3%

Summary: Homes in Muskogee had an average of 41 days on market in Oct 2024, up by 14.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 33 homes were sold in Muskogee; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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

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