Is Blanchard, 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, Blanchard has remained a Seller's Market.
Key Takeaway
Blanchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Blanchard, OK
How much do homes in Blanchard, OK cost?
Median Sold Price
$333,500
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blanchard have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Blanchard was $333,500 in April 2024, up 6.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $237.5K | $152K | -36.0% |
| 2 Bedrooms | $125K | $134.9K | +8.0% |
| 3 Bedrooms | $290.9K | $285.4K | -1.9% |
| 4 Bedrooms | $364.3K | $365K | 0.2% |
| 5+ Bedrooms | $424.9K | $489K | +15.1% |
Summary: Blanchard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 15.1%.
Median Sold Price Compared To Nearby Cities
| Blanchard | $313.7K | $333.5K | +6.3% |
| Blanchard | $308K | $325.6K | +5.7% |
| Newcastle-Blanchard | $280.6K | $293.6K | +4.6% |
| Newcastle | $280K | $287.9K | +2.9% |
Housing Supply in Blanchard, OK
How many homes are available in Blanchard, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 142 | 158 | +11.3% |
Summary: The Blanchard real estate market had 158 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 74 | 87 | +17.6% |
| 4 Bedrooms | 53 | 55 | +3.8% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Blanchard 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 increased by 25%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 24 | 31 | +29.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blanchard, expect to pay close to the asking price. 51.6% of homes here sold near the asking price last month.
Summary: A total of 31 homes were sold or pending in Blanchard in April 2024, up by 29.2% month-over-month. Of the 31 sold homes, 35% were sold under asking, 52% were sold at asking, and 13% were sold over asking.
Days on Market for Blanchard, OK
How long does it take to sell a home in Blanchard, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 36 Days | -29.1% |
Summary: Homes in Blanchard had an average of 36 days on market in Apr 2024, down by 29.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blanchard are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 31 homes were sold in Blanchard; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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