$3,420 Closing Credit*
$287,990
1,400 SqFt
3 Beds
•2 Full Baths
Zachary Holland, Listing Office: Premium Prop, LLC
Is Choctaw, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Choctaw was a Seller's Market.
Key Takeaway
Choctaw is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$315,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$17,000(+5.7%)
Key Takeaway
Homes in Choctaw have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Choctaw was $315,000 in September 2024, up 5.7% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $86.7K | $185K | +113.3% |
| 3 Bedrooms | $270K | $280K | +3.7% |
| 4 Bedrooms | $370K | $415K | +12.2% |
| 5+ Bedrooms | $368K | $462.5K | +25.7% |
Summary: Choctaw housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 113.3%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 25.7%.
Median Sold Price Compared To Nearby Cities
| Jones | $395.5K | $442.4K | +11.9% |
| Harrah | $230K | $252.2K | +9.7% |
| Oklahoma City Southeast | $185.6K | $199.4K | +7.4% |
| Choctaw | $298K | $315K | +5.7% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 150 | 142 | -5.3% |
Summary: The Choctaw real estate market had 142 homes for sale in September 2024, a 5.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 83 | 80 | -3.6% |
| 4 Bedrooms | 52 | 48 | -7.7% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Choctaw housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 34 | 18 | -47.1% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Choctaw, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Choctaw in September 2024, down by 47.1% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for Choctaw, OK
How long does it take to sell a home in Choctaw, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 42 Days | +87.6% |
Summary: Homes in Choctaw had an average of 42 days on market in Sep 2024, up by 87.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Choctaw are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 18 homes were sold in Choctaw; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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