Is Altus, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Altus has remained a Seller's Market.
Key Takeaway
Altus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Altus, OK
How much do homes in Altus, OK cost?
Median Sold Price
$205,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Altus have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Altus was $205,000 in April 2024, up 8.1% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $62K | $54.7K | -11.7% |
| 3 Bedrooms | $172.5K | $174K | +0.9% |
| 4 Bedrooms | $279K | $319.9K | +14.7% |
| 5+ Bedrooms | $299.9K | $349.9K | +16.7% |
Summary: Altus housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Altus, OK
How many homes are available in Altus, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 97 | +5.4% |
Summary: The Altus real estate market had 97 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 49 | 56 | +14.3% |
| 4 Bedrooms | 34 | 33 | -2.9% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Altus housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 17 | -10.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altus, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Altus in April 2024, down by 10.5% month-over-month. Of the 17 sold homes, 53% were sold under asking, 47% were sold at asking, and 0% were sold over asking.
Days on Market for Altus, OK
How long does it take to sell a home in Altus, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 42 Days | +92.0% |
Summary: Homes in Altus had an average of 42 days on market in Apr 2024, up by 92% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Altus are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Altus; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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