$1,188 Closing Credit*
$100,000
1,375 SqFt
2 Beds
•1 Full Bath
Whitney Geyer, Listing Office: Midwest Land Group
Is Drumright, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Drumright has remained a Seller's Market.
Key Takeaway
Drumright is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Drumright, OK
How much do homes in Drumright, OK cost?
Median Sold Price
$100,000
$84/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
-$29,900(-23.0%)
Key Takeaway
Homes in Drumright have sold for 23% less than they did a month ago.
Summary: The median home sold price in Drumright was $100,000 in August 2024, down 23% from last month, and the median price per square foot was $84.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | - | N/A |
| 2 Bedrooms | $129.9K | $100K | -23.0% |
| 3 Bedrooms | - | $134.9K | N/A |
| 4 Bedrooms | $220K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Drumright housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 23%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Drumright, OK
How many homes are available in Drumright, OK?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 15 | 17 | +13.3% |
Summary: The Drumright real estate market had 17 homes for sale in August 2024, a 13.3% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Drumright housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Drumright, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Drumright in August 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Drumright, OK
How long does it take to sell a home in Drumright, OK?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 54 Days | 41 Days | -25.0% |
Summary: Homes in Drumright had an average of 41 days on market in Aug 2024, down by 25% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Drumright has remained consistent over time.
Summary: During August 2024, 3 homes were sold in Drumright; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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