Greer County, OK housing market

What this means

• Valuation. Prices are 31% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are down 2.2% over the past year (U.S.: +1.2%), 13% below their 2022-23 peak.
• Supply. Listings are 29% below the 2017-19 norm: still a tight market.
• Negotiating. Buyer leverage is high (78/100; U.S.: 54): homes sell for about 10.8% below their final list price; 6% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 13% of the median household income (U.S.: 35%); it takes about $25k a year to keep the payment at 30% of gross pay. That includes about $2,262 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $154 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from tornadoes, hail and wind.
• Outlook. Leaning up: likely −7% to +10% over the next 12 months (68% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −6.7% to +9.7% (80% range; middle estimate +2.8%), chance of a rise 68%, of a 5%+ drop 13%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Greer County, OK