Velma, OK
Housing market overview · Updated weekly
$55,000median sale price
Homes sold
1
Last 12 weeks
Days on market
114
Average pace
Active listings
—
Sale-to-list
88.7%
Below asking
The Velma housing market is currently classified as a buyer's market with a median sale price of $55,000. Prices have fallen 80.4% compared to last year, with homes spending an average of 114 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Velma
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Frequently asked questions
What is the average home price in Velma?
The median home sale price in Velma is $55,000, down 80.4% from last year.
How long do homes stay on market in Velma?
Homes typically spend 114 days on market before going under contract.
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