$4,988 Closing Credit*
$420,000
3,924 SqFt
3 Beds
•3 Full Baths
Amber Gray, Listing Office: Gray Real Estate Elite, Inc.
Is Pontotoc County, 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, Pontotoc County was a Seller's Market.
Key Takeaway
Pontotoc County 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 Pontotoc County, OK
How much do homes in Pontotoc County, OK cost?
Median Sold Price
$197,573
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,985(+8.2%)
Key Takeaway
Homes in Pontotoc County have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Pontotoc County was $197,573 in November 2024, up 8.2% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $89.7K | $22.4K | -75.0% |
| 2 Bedrooms | $90K | $108.4K | +20.5% |
| 3 Bedrooms | $185.5K | $214.6K | +15.7% |
| 4 Bedrooms | $265K | $313.3K | +18.2% |
| 5+ Bedrooms | $680K | $250K | -63.2% |
Summary: Pontotoc County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 63.2%.
Median Sold Price Compared To Nearby Counties
| Seminole County | $114K | $134.9K | +18.4% |
| Pontotoc County | $182.5K | $197.5K | +8.2% |
| Pottawatomie County | $199.2K | $204.7K | +2.8% |
| Coal County | $146K | $135K | -7.5% |
Housing Supply in Pontotoc County, OK
How many homes are available in Pontotoc County, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 182 | 188 | +3.3% |
Summary: The Pontotoc County real estate market had 188 homes for sale in November 2024, a 3.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 24 | 23 | -4.2% |
| 3 Bedrooms | 112 | 112 | 0.0% |
| 4 Bedrooms | 34 | 41 | +20.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Pontotoc County 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 4.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 29 | -14.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pontotoc County, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Pontotoc County in November 2024, down by 14.7% month-over-month. Of the 29 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for Pontotoc County, OK
How long does it take to sell a home in Pontotoc County, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 51 Days | +30.0% |
Summary: Homes in Pontotoc County had an average of 51 days on market in Nov 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pontotoc County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Pontotoc County; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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