Is Payne County, 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, Payne County has remained a Seller's Market.
Housing Prices in Payne County, OK
How much do homes in Payne County, OK cost?
Median Sold Price
$205,000
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Payne County was $205,000 in May 2024, down 3.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | $82.5K | +91.9% |
2 Bedrooms | $116K | $120.5K | +3.9% |
3 Bedrooms | $204.3K | $205K | 0.3% |
4 Bedrooms | $246.9K | $240.5K | -2.6% |
5+ Bedrooms | $310K | $312.4K | +0.8% |
Summary: Payne County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 91.9%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Counties
Pawnee County | $152.5K | $173K | +13.4% |
Lincoln County | $162.5K | $161.2K | -0.8% |
Logan County | $254.2K | $250K | -1.7% |
Payne County | $212K | $205K | -3.3% |
Housing Supply in Payne County, OK
How many homes are available in Payne County, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
126 | 143 | +13.5% |
Summary: The Payne County real estate market had 143 homes for sale in May 2024, a 13.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 3 | +100.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 73 | 82 | +12.3% |
4 Bedrooms | 33 | 40 | +21.2% |
5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Payne County 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 decreased by 18.2%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 30 | +25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Payne County in May 2024, up by 25.0% month-over-month. Of the 30 sold homes, 37% were sold under asking, 43% were sold at asking, and 20% were sold over asking.
Days on Market for Payne County, OK
How long does it take to sell a home in Payne County, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 35 Days | -42.0% |
Summary: Homes in Payne County had an average of 35 days on market in May 2024, down by 42% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Payne County; 60% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.