Is Choctaw, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Choctaw has remained a Seller's Market.
Key Takeaway
Choctaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$309,854
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Choctaw have sold for 7% more than they did a year ago.
Summary: The median home sold price in Choctaw was $309,854 in March 2024, up 7% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $145K | $166.3K | +14.7% |
| 3 Bedrooms | $258.2K | $270.7K | +4.8% |
| 4 Bedrooms | $364K | $395.5K | +8.7% |
| 5+ Bedrooms | $477K | $450K | -5.7% |
Summary: Choctaw housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
| Jones | $365K | $437.3K | +19.8% |
| Choctaw | $289.6K | $309.8K | +7.0% |
| Oklahoma City Southeast | $182.3K | $194.2K | +6.5% |
| Harrah | $229.9K | $240K | +4.4% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 110 | 120 | +9.1% |
Summary: The Choctaw real estate market had 120 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 64 | 62 | -3.1% |
| 4 Bedrooms | 35 | 49 | +40.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Choctaw housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Choctaw, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Choctaw in March 2024, up by 4.8% month-over-month. Of the 22 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 34 Days | +39.8% |
Summary: Homes in Choctaw had an average of 34 days on market in Mar 2024, up by 39.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 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 March 2024, 22 homes were sold in Choctaw; 64% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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