Is Guthrie, 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, Guthrie was a Seller's Market.
Housing Prices in Guthrie, OK
How much do homes in Guthrie, OK cost?
Median Sold Price
$264,700
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Guthrie was $264,700 in March 2024, up 1.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $117K | +160.0% |
2 Bedrooms | $110K | $153.5K | +39.5% |
3 Bedrooms | $250K | $253.5K | +1.4% |
4 Bedrooms | $318.2K | $335K | +5.3% |
5+ Bedrooms | $348.7K | $300K | -14.0% |
Summary: Guthrie housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 160%, 2 bedroom homes increased by 39.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Cities
Oklahoma City Northwest | $330.5K | $340.1K | +2.9% |
Guthrie | $260.6K | $264.7K | +1.5% |
Edmond | $351.6K | $356.9K | +1.5% |
Oklahoma City Northeast | $485.6K | $441K | -9.2% |
Housing Supply in Guthrie, OK
How many homes are available in Guthrie, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 191 | +15.8% |
Summary: The Guthrie real estate market had 191 homes for sale in March 2024, a 15.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 92 | 102 | +10.9% |
4 Bedrooms | 55 | 67 | +21.8% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Guthrie 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 25%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 31 | +24.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 31 homes were sold or pending in Guthrie in March 2024, up by 24.0% month-over-month. Of the 31 sold homes, 32% were sold under asking, 48% were sold at asking, and 19% were sold over asking.
Days on Market for Guthrie, OK
How long does it take to sell a home in Guthrie, OK?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 61 Days | +27.2% |
Summary: Homes in Guthrie had an average of 61 days on market in Mar 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 31 homes were sold in Guthrie; 45% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.