Is Elk City, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Elk City has remained a Seller's Market.
Housing Prices in Elk City, OK
How much do homes in Elk City, OK cost?
Median Sold Price
$166,250
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elk City was $166,250 in April 2024, up 1.8% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $11K | $32.2K | +192.7% |
2 Bedrooms | $74K | $74.9K | +1.2% |
3 Bedrooms | $169.4K | $162.5K | -4.1% |
4 Bedrooms | $210K | $275K | +31.0% |
5+ Bedrooms | $280K | $520K | +85.7% |
Summary: Elk City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 192.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 31%, and 5+ bedroom homes increased by 85.7%.
Median Sold Price Compared To Nearby Cities
Northwest Washita | $66K | $130K | +97.0% |
Elk City | $163.3K | $166.2K | +1.8% |
Sayre | $127.5K | $127K | -0.4% |
Housing Supply in Elk City, OK
How many homes are available in Elk City, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 90 | -2.2% |
Summary: The Elk City real estate market had 90 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 49 | 48 | -2.0% |
4 Bedrooms | 23 | 21 | -8.7% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Elk City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 8.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
14 | 20 | +42.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Elk City in April 2024, up by 42.9% month-over-month. Of the 20 sold homes, 75% were sold under asking, 10% were sold at asking, and 15% were sold over asking.
Days on Market for Elk City, OK
How long does it take to sell a home in Elk City, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
96 Days | 90 Days | -6.1% |
Summary: Homes in Elk City had an average of 90 days on market in Apr 2024, down by 6.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Elk City; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.