Is Dewey, 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, Dewey has remained a Seller's Market.
Key Takeaway
Dewey is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Dewey, OK
How much do homes in Dewey, OK cost?
Median Sold Price
$101,900
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Dewey have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Dewey was $101,900 in March 2024, up 2.9% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $50.2K | $52K | +3.5% |
| 2 Bedrooms | $87.5K | $75K | -14.3% |
| 3 Bedrooms | $115K | $125K | +8.7% |
| 4 Bedrooms | $162.8K | $335K | +105.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Dewey housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 105.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Dewey | $99K | $101.9K | +2.9% |
| Bartlesville | $175.6K | $170K | -3.2% |
Housing Supply in Dewey, OK
How many homes are available in Dewey, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Dewey real estate market had 21 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Dewey housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Dewey, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Dewey in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Dewey, OK
How long does it take to sell a home in Dewey, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 15 Days | 29 Days | +90.9% |
Summary: Homes in Dewey had an average of 29 days on market in Mar 2024, up by 90.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Dewey has remained consistent over time.
Summary: During March 2024, 5 homes were sold in Dewey; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
