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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Wewoka is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Wewoka was a Neutral Market.

Key Takeaway

Wewoka is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Wewoka, OK

How much do homes in Wewoka, OK cost?

Median Sold Price

$124,500

$60/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$22,175(+21.7%)

Key Takeaway

Homes in Wewoka have sold for 21.7% more than they did a year ago.

Summary: The median home sold price in Wewoka was $124,500 in August 2024, up 21.7% from last year, and the median price per square foot was $60.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $110K$58K
-47.3%
3 $97.5K$151.4K
+55.3%
4 $112K$68K
-39.3%
5+ $149.7K-
N/A

Summary: Wewoka housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 47.3%, 3 bedroom homes increased by 55.3%, 4 bedroom homes decreased by 39.3%, and 5+ bedroom homes did not change.

Housing Supply in Wewoka, OK

How many homes are available in Wewoka, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2123+9.5%

Summary: The Wewoka real estate market had 23 homes for sale in August 2024, a 9.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1415
+7.1%
4 22
0.0%
5+ 12
+100.0%

Summary: The Wewoka 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 increased by 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Wewoka, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Wewoka in August 2024, down by 25.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Wewoka, OK

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

Average Sale Time

Aug 2023Aug 2024CHANGE
25 Days74 Days+192.8%

Summary: Homes in Wewoka had an average of 74 days on market in Aug 2024, up by 192.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Wewoka has remained consistent over time.

Summary: During August 2024, 3 homes were sold in Wewoka; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 26 Days Ago

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