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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparks is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Sparks has remained a Seller's Market.

Key Takeaway

Sparks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sparks, OK

How much do homes in Sparks, OK cost?

Median Sold Price

$478,000

$229/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$465,500(+3724.0%)

Key Takeaway

Homes in Sparks have sold for 3724% more than they did a month ago.

Summary: The median home sold price in Sparks was $478,000 in October 2024, up 3724% from last month, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $12.5K$478K
+3724.0%
4 --
N/A
5+ --
N/A

Summary: Sparks housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3724%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sparks, OK

How many homes are available in Sparks, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
54-20.0%

Summary: The Sparks real estate market had 4 homes for sale in October 2024, a 20.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 43
-25.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Sparks 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparks, 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 Sparks in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Sparks, OK

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

Average Sale Time

Sep 2024Oct 2024CHANGE
268 Days33 Days-87.6%

Summary: Homes in Sparks had an average of 33 days on market in Oct 2024, down by 87.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 3 homes were sold in Sparks; 67% of homes were sold within 30 days, 33% 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 18 Days Ago

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