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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oologah is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Oologah was a Seller's Market.

Key Takeaway

Oologah 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 Oologah, OK

How much do homes in Oologah, OK cost?

Median Sold Price

$302,500

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$9,000(+3.1%)

Key Takeaway

Homes in Oologah have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Oologah was $302,500 in August 2024, up 3.1% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $235K$135K
-42.6%
2 $100K$199K
+99.0%
3 $226.5K$248.5K
+9.7%
4 $330K$437K
+32.4%
5+ $400K$615.2K
+53.8%

Summary: Oologah housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 42.6%, 2 bedroom homes increased by 99%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 53.8%.

Median Sold Price Compared To Nearby Cities

Oologah-Talala
+9.0%
Oologah
+3.1%

Housing Supply in Oologah, OK

How many homes are available in Oologah, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1918-5.3%

Summary: The Oologah real estate market had 18 homes for sale in August 2024, a 5.3% decrease compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 00
0.0%
3 76
-14.3%
4 87
-12.5%
5+ 45
+25.0%

Summary: The Oologah housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oologah, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Oologah in August 2024, up by 50.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Oologah, OK

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

Average Sale Time

Aug 2023Aug 2024CHANGE
23 Days0 Days-97.1%

Summary: Homes in Oologah had an average of 0 days on market in Aug 2024, down by 97.1% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 3 homes were sold in Oologah; 100% of homes were sold within 30 days, 0% 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 15 Days Ago

Newest Listings in Oologah, OK

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