Is Collinsville, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Collinsville is a seller's market

Buyer's
Market

Difference Since August 2023

Since last year, Collinsville has remained a Seller's Market.

Key Takeaway

Collinsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Collinsville, OK

How much do homes in Collinsville, OK cost?

Median Sold Price

$275,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$1,000(+0.4%)

Key Takeaway

The sold price of homes in Collinsville has remained the same since last year.

Summary: The median home sold price in Collinsville was $275,000 in August 2024, up 0.4% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $122K$45K
-63.1%
2 $147.5K$150K
+1.7%
3 $245.6K$260K
+5.8%
4 $341.7K$351.5K
+2.9%
5+ $437.5K$449.9K
+2.9%

Summary: Collinsville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

North Tulsa
+5.3%
Owasso
+4.4%
Collinsville
0.4%

Housing Supply in Collinsville, OK

How many homes are available in Collinsville, OK?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
138146+5.8%

Summary: The Collinsville real estate market had 146 homes for sale in August 2024, a 5.8% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 7577
+2.7%
4 5560
+9.1%
5+ 54
-20.0%

Summary: The Collinsville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
4031-22.5%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Collinsville, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Collinsville in August 2024, down by 22.5% month-over-month. Of the 31 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.

Days on Market for Collinsville, OK

How long does it take to sell a home in Collinsville, OK?

Average Sale Time

Aug 2023Aug 2024CHANGE
22 Days26 Days+18.7%

Summary: Homes in Collinsville had an average of 26 days on market in Aug 2024, up by 18.7% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Collinsville are selling fast, if you're buying plan to act quickly.

Summary: During August 2024, 31 homes were sold in Collinsville; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 8 Days Ago

Newest Listings in Collinsville, OK

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