Is Cordell, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cordell was a Buyer's Market.
Key Takeaway
Cordell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cordell, OK
How much do homes in Cordell, OK cost?
Median Sold Price
$138,000
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cordell have sold for 41.5% more than they did a year ago.
Summary: The median home sold price in Cordell was $138,000 in March 2024, up 41.5% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $12K | N/A |
| 2 Bedrooms | $54K | $76K | +40.7% |
| 3 Bedrooms | $98.5K | $139K | +41.1% |
| 4 Bedrooms | $114K | $267K | +134.2% |
| 5+ Bedrooms | - | - | N/A |
Summary: Cordell 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 40.7%, 3 bedroom homes increased by 41.1%, 4 bedroom homes increased by 134.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cordell | $97.5K | $138K | +41.5% |
| Central Washita | $97.5K | $138K | +41.5% |
| New Cordell | $95K | $129K | +35.8% |
Housing Supply in Cordell, OK
How many homes are available in Cordell, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 | 27 | +17.4% |
Summary: The Cordell real estate market had 27 homes for sale in March 2024, a 17.4% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 15 | 17 | +13.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cordell 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 increased by 20%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cordell, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Cordell in March 2024, up by 500.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cordell, OK
How long does it take to sell a home in Cordell, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 164 Days | 75 Days | -53.8% |
Summary: Homes in Cordell had an average of 75 days on market in Mar 2024, down by 53.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cordell are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 6 homes were sold in Cordell; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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