Is Purcell, 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, Purcell was a Seller's Market.
Key Takeaway
Purcell is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Purcell, OK
How much do homes in Purcell, OK cost?
Median Sold Price
$235,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Purcell have sold for 18.1% more than they did a year ago.
Summary: The median home sold price in Purcell was $235,000 in March 2024, up 18.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $119K | $160K | +34.5% |
| 3 Bedrooms | $196K | $201K | +2.6% |
| 4 Bedrooms | $288K | $370K | +28.5% |
| 5+ Bedrooms | $450K | $323.5K | -28.1% |
Summary: Purcell housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes decreased by 28.1%.
Median Sold Price Compared To Nearby Cities
| Goldsby | $438K | $520K | +18.7% |
| Purcell | $199K | $235K | +18.1% |
| Lexington | $183.1K | $210K | +14.7% |
| Slaughterville | $212K | $235K | +10.8% |
| East Cleveland | $255K | $280.1K | +9.9% |
Housing Supply in Purcell, OK
How many homes are available in Purcell, OK?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 55 | +17.0% |
Summary: The Purcell real estate market had 55 homes for sale in March 2024, a 17.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 7 | +75.0% |
| 3 Bedrooms | 24 | 28 | +16.7% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Purcell 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 75%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Purcell, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Purcell in March 2024, up by 14.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Purcell, OK
How long does it take to sell a home in Purcell, OK?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 46 Days | +91.9% |
Summary: Homes in Purcell had an average of 46 days on market in Mar 2024, up by 91.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Purcell are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Purcell; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Copyright© 2024 MLSOK, Inc. All rights reserved. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSOK, Inc. We do not attempt to independently verify the currency, completeness, accuracy or authenticity of the data contained herein. It may be subject to transcription and transmission errors. Accordingly, the data is provided as is, as available basis only and may not reflect all real estate activity in the market. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 