Is Okemah, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Okemah was a Seller's Market.
Key Takeaway
Okemah is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Okemah, OK
How much do homes in Okemah, OK cost?
Median Sold Price
$150,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Okemah have sold for 30.4% more than they did a year ago.
Summary: The median home sold price in Okemah was $150,000 in April 2024, up 30.4% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $84.6K | $110K | +29.9% |
| 3 Bedrooms | $129.9K | $110K | -15.3% |
| 4 Bedrooms | $106K | $186.2K | +75.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Okemah housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 29.9%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes increased by 75.7%, and 5+ bedroom homes did not change.
Housing Supply in Okemah, OK
How many homes are available in Okemah, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Okemah real estate market had 21 homes for sale in April 2024, a 10.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Okemah 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 decreased by 16.7%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Okemah, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Okemah in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Okemah, OK
How long does it take to sell a home in Okemah, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 94 Days | 80 Days | -15.6% |
Summary: Homes in Okemah had an average of 80 days on market in Apr 2024, down by 15.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Okemah has remained consistent over time.
Summary: During April 2024, 2 homes were sold in Okemah; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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