Is Chelsea, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Chelsea was a Buyer's Market.
Key Takeaway
Chelsea 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 Chelsea, OK
How much do homes in Chelsea, OK cost?
Median Sold Price
$133,500
$102/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Chelsea have sold for 16.6% less than they did a month ago.
Summary: The median home sold price in Chelsea was $133,500 in March 2024, down 16.6% from last month, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85.1K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $179K | $102.7K | -42.6% |
| 4 Bedrooms | - | $240K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Chelsea housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 42.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Chelsea, OK
How many homes are available in Chelsea, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 32 | +18.5% |
Summary: The Chelsea real estate market had 32 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Chelsea housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Chelsea, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Chelsea in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Chelsea, OK
How long does it take to sell a home in Chelsea, OK?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 77 Days | +57.7% |
Summary: Homes in Chelsea had an average of 77 days on market in Mar 2024, up by 57.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Chelsea are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Chelsea; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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