Is Guthrie, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Guthrie was a Seller's Market.
Key Takeaway
Guthrie is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Guthrie, OK
How much do homes in Guthrie, OK cost?
Median Sold Price
$264,625
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Guthrie have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Guthrie was $264,625 in May 2024, down 3.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $85K | +88.9% |
| 2 Bedrooms | $112K | $154.5K | +37.9% |
| 3 Bedrooms | $258K | $254.7K | -1.3% |
| 4 Bedrooms | $317.2K | $338K | +6.6% |
| 5+ Bedrooms | $354.4K | $297K | -16.2% |
Summary: Guthrie housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 88.9%, 2 bedroom homes increased by 37.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes decreased by 16.2%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northwest | $330.6K | $339.9K | +2.8% |
| Edmond | $359.5K | $357.6K | -0.5% |
| Oklahoma City Northeast | $449.3K | $444.3K | -1.1% |
| Guthrie | $275K | $264.6K | -3.8% |
Housing Supply in Guthrie, OK
How many homes are available in Guthrie, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 185 | 196 | +5.9% |
Summary: The Guthrie real estate market had 196 homes for sale in May 2024, a 5.9% 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 | 15 | 11 | -26.7% |
| 3 Bedrooms | 100 | 115 | +15.0% |
| 4 Bedrooms | 60 | 54 | -10.0% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The Guthrie 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 26.7%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 33 | 32 | -3.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Guthrie, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Guthrie in May 2024, down by 3.0% month-over-month. Of the 32 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Guthrie, OK
How long does it take to sell a home in Guthrie, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 49 Days | +60.2% |
Summary: Homes in Guthrie had an average of 49 days on market in May 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
18 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 Guthrie are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Guthrie; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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