Is Tecumseh, 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, Tecumseh has remained a Seller's Market.
Key Takeaway
Tecumseh is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tecumseh, OK
How much do homes in Tecumseh, OK cost?
Median Sold Price
$176,000
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tecumseh have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Tecumseh was $176,000 in May 2024, up 17.4% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $105K | - | N/A |
| 2 Bedrooms | $82.5K | $117K | +41.8% |
| 3 Bedrooms | $147.4K | $145K | -1.7% |
| 4 Bedrooms | $259.4K | $268.4K | +3.5% |
| 5+ Bedrooms | $380K | $229K | -39.7% |
Summary: Tecumseh 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 41.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 39.7%.
Median Sold Price Compared To Nearby Cities
| Tecumseh | $149.9K | $176K | +17.4% |
| Shawnee | $186.3K | $195.2K | +4.8% |
| Bethel Acres | $261.4K | $245.7K | -6.0% |
Housing Supply in Tecumseh, OK
How many homes are available in Tecumseh, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 50 | -5.7% |
Summary: The Tecumseh real estate market had 50 homes for sale in May 2024, a 5.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 32 | 27 | -15.6% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Tecumseh housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tecumseh, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Tecumseh in May 2024, the same as the previous month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Tecumseh, OK
How long does it take to sell a home in Tecumseh, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 35 Days | +6.9% |
Summary: Homes in Tecumseh had an average of 35 days on market in May 2024, up by 6.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tecumseh are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Tecumseh; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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