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 Last Month

Since last month, Wewoka has remained a Buyer's 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

$18,000

$15/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$92,000(-83.6%)

Key Takeaway

Homes in Wewoka have sold for 83.6% less than they did a month ago.

Summary: The median home sold price in Wewoka was $18,000 in November 2024, down 83.6% from last month, and the median price per square foot was $15.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $110K$18K
-83.6%
4 --
N/A
5+ --
N/A

Summary: Wewoka housing prices by bedroom type for November 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 decreased by 83.6%, 4 bedroom homes did not change, 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

Oct 2024Nov 2024CHANGE
1719+11.8%

Summary: The Wewoka real estate market had 19 homes for sale in November 2024, a 11.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1416
+14.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Wewoka 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 remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was 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 1 homes were sold or pending in Wewoka in November 2024, the same as the previous month. Of the 1 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

Oct 2024Nov 2024CHANGE
44 Days111 Days+152.3%

Summary: Homes in Wewoka had an average of 111 days on market in Nov 2024, up by 152.3% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Wewoka are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Wewoka; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

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