$6,056 Closing Credit*
$510,000
500 SqFt
1 Bed
•1 Full Bath
Bobby Sappington, Listing Office: Okla Real Estate Professionals
Is Nowata, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Nowata was a Neutral Market.
Key Takeaway
Nowata is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nowata, OK
How much do homes in Nowata, OK cost?
Median Sold Price
$138,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,500(+1.8%)
Key Takeaway
Homes in Nowata have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Nowata was $138,000 in October 2024, up 1.8% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $20K | N/A |
| 2 Bedrooms | $77.7K | $65.2K | -16.1% |
| 3 Bedrooms | $136K | $138K | +1.5% |
| 4 Bedrooms | $168K | $330K | +96.4% |
| 5+ Bedrooms | $158K | - | N/A |
Summary: Nowata 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 16.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 96.4%, and 5+ bedroom homes did not change.
Housing Supply in Nowata, OK
How many homes are available in Nowata, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 16 | -30.4% |
Summary: The Nowata real estate market had 16 homes for sale in October 2024, a 30.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 17 | 11 | -35.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Nowata housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 35.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 2 | -75.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nowata, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Nowata in October 2024, down by 75.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Nowata, OK
How long does it take to sell a home in Nowata, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 21 Days | -57.4% |
Summary: Homes in Nowata had an average of 21 days on market in Oct 2024, down by 57.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nowata are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Nowata; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
