$340,000
26.93 Acres
Land
Tyler Thompson, Listing Office: Mary Terry & Associates Real E
Is Northwest Pontotoc, 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, 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
$224,825
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,825(+2.7%)
Key Takeaway
Homes in Northwest Pontotoc have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Northwest Pontotoc was $224,825 in November 2024, up 2.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $95K | N/A |
| 2 Bedrooms | $160K | $150K | -6.3% |
| 3 Bedrooms | $180K | $232K | +28.9% |
| 4 Bedrooms | $230K | $235K | +2.2% |
| 5+ Bedrooms | $355K | $750K | +111.3% |
Summary: Northwest Pontotoc 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 6.3%, 3 bedroom homes increased by 28.9%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 111.3%.
Median Sold Price Compared To Nearby Cities
| Ada | $182.3K | $199.4K | +9.4% |
| Northwest Pontotoc | $219K | $224.8K | +2.7% |
Housing Supply in Northwest Pontotoc, OK
How many homes are available in Northwest Pontotoc, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 20 | -13.0% |
Summary: The Northwest Pontotoc real estate market had 20 homes for sale in November 2024, a 13.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 16 | 15 | -6.3% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Northwest Pontotoc 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 decreased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Pontotoc, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in Northwest Pontotoc in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 33% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 92 Days | +441.2% |
Summary: Homes in Northwest Pontotoc had an average of 92 days on market in Nov 2024, up by 441.2% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Northwest Pontotoc has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Northwest Pontotoc; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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