Is Broken Bow, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$602,500
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Broken Bow was $602,500 in March 2024, down 14.3% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $590K | $499.9K | -15.3% |
2 Bedrooms | $710K | $600K | -15.5% |
3 Bedrooms | $505.5K | $578.2K | +14.4% |
4 Bedrooms | $998.5K | $855K | -14.4% |
5+ Bedrooms | $1.2M | $1.1M | -10.0% |
Summary: Broken Bow housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.3%, 2 bedroom homes decreased by 15.5%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 14.4%, and 5+ bedroom homes decreased by 10%.
Housing Supply in Broken Bow, OK
How many homes are available in Broken Bow, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
259 | 291 | +12.4% |
Summary: The Broken Bow real estate market had 291 homes for sale in March 2024, a 12.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 48 | +26.3% |
2 Bedrooms | 62 | 71 | +14.5% |
3 Bedrooms | 82 | 84 | +2.4% |
4 Bedrooms | 47 | 53 | +12.8% |
5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Broken Bow housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 11 | -42.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Broken Bow in March 2024, down by 42.1% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
83 Days | 132 Days | +59.6% |
Summary: Homes in Broken Bow had an average of 132 days on market in Mar 2024, up by 59.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Broken Bow; 27% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 73% of homes were sold over 90 days.