Is Northwest Pontotoc, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Pontotoc is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Northwest Pontotoc was a Buyer's Market.

Key Takeaway

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

Housing Prices in Northwest Pontotoc, OK

How much do homes in Northwest Pontotoc, OK cost?

Median Sold Price

$207,000

$138/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$8,500(-3.9%)

Key Takeaway

Homes in Northwest Pontotoc have sold for 3.9% less than they did a year ago.

Summary: The median home sold price in Northwest Pontotoc was $207,000 in October 2024, down 3.9% from last year, and the median price per square foot was $138.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$95K
N/A
2 $160K$150K
-6.3%
3 $187.5K$221.6K
+18.2%
4 $227.5K$330K
+45.1%
5+ $355K$750K
+111.3%

Summary: Northwest Pontotoc 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 6.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 45.1%, and 5+ bedroom homes increased by 111.3%.

Median Sold Price Compared To Nearby Cities

Ada
+7.6%
Northwest Pontotoc
-3.9%

Housing Supply in Northwest Pontotoc, OK

How many homes are available in Northwest Pontotoc, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
21210.0%

Summary: The Northwest Pontotoc real estate market had 21 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 10
-100.0%
2 22
0.0%
3 1514
-6.7%
4 34
+33.3%
5+ 01
+100.0%

Summary: The Northwest Pontotoc housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Pontotoc, 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 Northwest Pontotoc in October 2024, up by 25.0% month-over-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 Northwest Pontotoc, OK

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

Average Sale Time

Oct 2023Oct 2024CHANGE
8 Days43 Days+445.0%

Summary: Homes in Northwest Pontotoc had an average of 43 days on market in Oct 2024, up by 445% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Northwest Pontotoc has remained consistent over time.

Summary: During October 2024, 5 homes were sold in Northwest Pontotoc; 40% of homes were sold within 30 days, 60% 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 17 Days Ago

Newest Listings in Northwest Pontotoc, OK

Nearby Markets to Northwest Pontotoc, OK

What housing markets are near Northwest Pontotoc, OK?