Is Payne County, 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, Payne County has remained a Seller's Market.
Housing Prices in Payne County, OK
How much do homes in Payne County, OK cost?
Median Sold Price
$205,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Payne County was $205,000 in April 2024, down 6.2% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $75K | N/A |
2 Bedrooms | $125K | $120.5K | -3.6% |
3 Bedrooms | $205K | $204.9K | 0% |
4 Bedrooms | $248K | $264.6K | +6.7% |
5+ Bedrooms | $310K | $270K | -12.9% |
Summary: Payne County 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 decreased by 3.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 12.9%.
Median Sold Price Compared To Nearby Counties
Pawnee County | $152.5K | $168.4K | +10.5% |
Logan County | $250K | $249.6K | -0.2% |
Lincoln County | $162.5K | $160K | -1.5% |
Payne County | $218.6K | $205K | -6.2% |
Housing Supply in Payne County, OK
How many homes are available in Payne County, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
108 | 123 | +13.9% |
Summary: The Payne County real estate market had 123 homes for sale in April 2024, a 13.9% 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 | 11 | 10 | -9.1% |
3 Bedrooms | 66 | 71 | +7.6% |
4 Bedrooms | 25 | 32 | +28.0% |
5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Payne County 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 9.1%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 24 | +60.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Payne County in April 2024, up by 60.0% month-over-month. Of the 24 sold homes, 38% were sold under asking, 42% were sold at asking, and 21% were sold over asking.
Days on Market for Payne County, OK
How long does it take to sell a home in Payne County, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 30 Days | -60.8% |
Summary: Homes in Payne County had an average of 30 days on market in Apr 2024, down by 60.8% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 24 homes were sold in Payne County; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.