Gate, OK 73844 housing market

What this means

• Prices. Home values are down 7.8% over the past year (U.S.: +1.2%), 22% below their 2022-23 peak.
• Supply. There are 0% more homes for sale than the 2017-19 norm, so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is low (14/100; U.S.: 54) (as of Apr 2024): homes typically sell at or above asking (100.0% of list) (as of Sep 2023); 0% of listings had a price cut (U.S.: 26%) (as of Apr 2024).
• Affordability. A mortgage on the typical home takes 11% of the median household income (U.S.: 35%); it takes about $29k a year to keep the payment at 30% of gross pay. That includes about $2,396 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $282 a year in natural-disaster damage per $100k of building value (U.S.: $155). Check insurance costs before buying.
• Outlook. No clear direction: likely −7% to +9% over the next 12 months (65% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −7.1% to +9.2% (80% range; middle estimate +2.2%), chance of a rise 65%, of a 5%+ drop 14%.

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.

Other ZIP codes in Beaver County, OK