Is Broken Bow, 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, Broken Bow was a Seller's Market.
Housing Prices in Broken Bow, OK
How much do homes in Broken Bow, OK cost?
Median Sold Price
$590,000
$359/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broken Bow was $590,000 in May 2024, down 17.2% from last year, and the median price per square foot was $359.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $490K | -16.9% |
2 Bedrooms | $725K | $560K | -22.8% |
3 Bedrooms | $610K | $592.7K | -2.8% |
4 Bedrooms | $940K | $855K | -9.0% |
5+ Bedrooms | $1.2M | $1.1M | -11.5% |
Summary: Broken Bow housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.9%, 2 bedroom homes decreased by 22.8%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 9%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Cities
North McCurtain | $678.1K | $615K | -9.3% |
Broken Bow | $712.5K | $590K | -17.2% |
Housing Supply in Broken Bow, OK
How many homes are available in Broken Bow, OK?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
298 | 371 | +24.5% |
Summary: The Broken Bow real estate market had 371 homes for sale in May 2024, a 24.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 51 | 69 | +35.3% |
2 Bedrooms | 68 | 89 | +30.9% |
3 Bedrooms | 96 | 115 | +19.8% |
4 Bedrooms | 47 | 54 | +14.9% |
5+ Bedrooms | 36 | 44 | +22.2% |
Summary: The Broken Bow housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 35.3%, 2 bedroom homes increased by 30.9%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Broken Bow in May 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Broken Bow, OK
How long does it take to sell a home in Broken Bow, OK?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 90 Days | +29.6% |
Summary: Homes in Broken Bow had an average of 90 days on market in May 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Broken Bow; 25% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.