Is Shawnee, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Shawnee has remained a Seller's Market.
Housing Prices in Shawnee, OK
How much do homes in Shawnee, OK cost?
Median Sold Price
$198,300
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shawnee was $198,300 in March 2024, up 13.3% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $31K | $134.5K | +333.9% |
2 Bedrooms | $79.4K | $75.5K | -5.0% |
3 Bedrooms | $182K | $199.9K | +9.8% |
4 Bedrooms | $250K | $254.9K | +2.0% |
5+ Bedrooms | $327.5K | $317K | -3.2% |
Summary: Shawnee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 333.9%, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
Shawnee | $175K | $198.3K | +13.3% |
Tecumseh | $149.9K | $145K | -3.3% |
Bethel Acres | $265K | $234K | -11.7% |
Housing Supply in Shawnee, OK
How many homes are available in Shawnee, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
201 | 204 | +1.5% |
Summary: The Shawnee real estate market had 204 homes for sale in March 2024, a 1.5% 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 | 27 | 25 | -7.4% |
3 Bedrooms | 122 | 132 | +8.2% |
4 Bedrooms | 40 | 34 | -15.0% |
5+ Bedrooms | 11 | 12 | +9.1% |
Summary: The Shawnee 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 decreased by 7.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 42 | +31.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Shawnee in March 2024, up by 31.3% month-over-month. Of the 42 sold homes, 60% were sold under asking, 31% were sold at asking, and 10% were sold over asking.
Days on Market for Shawnee, OK
How long does it take to sell a home in Shawnee, OK?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 59 Days | +49.2% |
Summary: Homes in Shawnee had an average of 59 days on market in Mar 2024, up by 49.2% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in Shawnee; 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.