$42,500
1.09 Acres
Land
Jackie Drain, Listing Office: Cherrywood
Is Park Hill, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Park Hill has remained a Seller's Market.
Key Takeaway
Park Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Park Hill, OK
How much do homes in Park Hill, OK cost?
Median Sold Price
$250,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$62,500(+33.3%)
Key Takeaway
Homes in Park Hill have sold for 33.3% more than they did a year ago.
Summary: The median home sold price in Park Hill was $250,000 in October 2024, up 33.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $150K | N/A |
| 2 Bedrooms | $145K | $145K | 0.0% |
| 3 Bedrooms | $222.5K | $260.5K | +17.1% |
| 4 Bedrooms | $260K | $310K | +19.2% |
| 5+ Bedrooms | $305.9K | - | N/A |
Summary: Park Hill 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 did not change, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Park Hill | $187.5K | $250K | +33.3% |
| South Cherokee | $180K | $237K | +31.7% |
| East Cherokee | $223K | $272.9K | +22.4% |
Housing Supply in Park Hill, OK
How many homes are available in Park Hill, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 28 | +7.7% |
Summary: The Park Hill real estate market had 28 homes for sale in October 2024, a 7.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Park Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 6 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Park Hill, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Park Hill in October 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Park Hill, OK
How long does it take to sell a home in Park Hill, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 56 Days | 86 Days | +54.8% |
Summary: Homes in Park Hill had an average of 86 days on market in Oct 2024, up by 54.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Park Hill are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 6 homes were sold in Park Hill; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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