Is Choctaw, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Choctaw has remained a Seller's Market.
Key Takeaway
Choctaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$309,854
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Choctaw have sold for 4.4% more than they did a year ago.
Summary: The median home sold price in Choctaw was $309,854 in May 2024, up 4.4% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $135K | $180K | +33.3% |
| 3 Bedrooms | $265K | $275K | +3.8% |
| 4 Bedrooms | $370K | $399.9K | +8.1% |
| 5+ Bedrooms | $477K | $460K | -3.6% |
Summary: Choctaw housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 3.6%.
Median Sold Price Compared To Nearby Cities
| Nicoma Park | $164.5K | $215.9K | +31.3% |
| Harrah | $229.9K | $262.5K | +14.2% |
| Oklahoma City Southeast | $184.1K | $195.8K | +6.4% |
| Choctaw | $296.6K | $309.8K | +4.4% |
| Jones | $419.5K | $410K | -2.3% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 | 157 | +12.1% |
Summary: The Choctaw real estate market had 157 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 69 | 76 | +10.1% |
| 4 Bedrooms | 58 | 65 | +12.1% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Choctaw housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 38 | +65.2% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Choctaw, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Choctaw in May 2024, up by 65.2% month-over-month. Of the 38 sold homes, 50% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for Choctaw, OK
How long does it take to sell a home in Choctaw, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 16 Days | 36 Days | +125.1% |
Summary: Homes in Choctaw had an average of 36 days on market in May 2024, up by 125.1% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Choctaw are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 38 homes were sold in Choctaw; 63% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 