Is Choctaw, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Choctaw has remained a Seller's Market.
Housing Prices in Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$309,918
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Choctaw was $309,918 in February 2024, up 9.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $145K | $93K | -35.9% |
3 Bedrooms | $253.5K | $270.9K | +6.9% |
4 Bedrooms | $364K | $395.5K | +8.7% |
5+ Bedrooms | $477K | $450K | -5.7% |
Summary: Choctaw housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 35.9%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes decreased by 5.7%.
Median Sold Price Compared To Nearby Cities
Jones | $330K | $444.9K | +34.8% |
Choctaw | $282K | $309.9K | +9.9% |
Harrah | $229.9K | $240K | +4.4% |
Oklahoma City Southeast | $183.3K | $190.5K | +3.9% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
101 | 115 | +13.9% |
Summary: The Choctaw real estate market had 115 homes for sale in February 2024, a 13.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 6 | -25.0% |
3 Bedrooms | 57 | 70 | +22.8% |
4 Bedrooms | 32 | 35 | +9.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Choctaw housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 22.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 20 | +53.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Choctaw in February 2024, up by 53.8% month-over-month. Of the 20 sold homes, 55% were sold under asking, 15% were sold at asking, and 30% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 51 Days | +32.7% |
Summary: Homes in Choctaw had an average of 51 days on market in Feb 2024, up by 32.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Choctaw; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.