$49,000
5.01 Acres
Land
Marsha Nation, Listing Office: CENTURY 21 Judge Fite Company
Is Luther, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Luther has remained a Buyer's Market.
Key Takeaway
Luther is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Luther, OK
How much do homes in Luther, OK cost?
Median Sold Price
$269,000
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$10,550(-3.8%)
Key Takeaway
Homes in Luther have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Luther was $269,000 in September 2024, down 3.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $245K | N/A |
| 2 Bedrooms | $284.5K | $231.1K | -18.8% |
| 3 Bedrooms | $258K | $373.5K | +44.8% |
| 4 Bedrooms | $505K | $313.3K | -38.0% |
| 5+ Bedrooms | $1.6M | $650.1K | -59.4% |
Summary: Luther housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 18.8%, 3 bedroom homes increased by 44.8%, 4 bedroom homes decreased by 38%, and 5+ bedroom homes decreased by 59.4%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northeast | $453.7K | $466.3K | +2.8% |
| Luther | $279.5K | $269K | -3.8% |
Housing Supply in Luther, OK
How many homes are available in Luther, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Summary: The Luther real estate market had 17 homes for sale in September 2024, a 5.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 8 | 6 | -25.0% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Luther housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Luther, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Luther in September 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Luther, OK
How long does it take to sell a home in Luther, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 4 Days | 33 Days | +633.3% |
Summary: Homes in Luther had an average of 33 days on market in Sep 2024, up by 633.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Luther has remained consistent over time.
Summary: During September 2024, 1 homes were sold in Luther; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Listings courtesy of Heartland Multiple Listing Service Inc. as distributed by MLS GRID.