Is Skiatook, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skiatook is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Skiatook was a Seller's Market.

Key Takeaway

Skiatook is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Skiatook, OK

How much do homes in Skiatook, OK cost?

Median Sold Price

$290,000

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+10.3%)

Key Takeaway

Homes in Skiatook have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Skiatook was $290,000 in October 2024, up 10.3% from last year, and the median price per square foot was $145.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $50K-
N/A
2 $135K$124K
-8.1%
3 $220K$223.3K
+1.5%
4 $351.9K$348K
-1.1%
5+ $405.7K$457.9K
+12.9%

Summary: Skiatook housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Sperry
+28.3%
Skiatook
+10.3%
Southeast Osage
+7.4%
North Tulsa
+6.7%
Collinsville
0.4%

Housing Supply in Skiatook, OK

How many homes are available in Skiatook, OK?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7982+3.8%

Summary: The Skiatook real estate market had 82 homes for sale in October 2024, a 3.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 4549
+8.9%
4 1922
+15.8%
5+ 107
-30.0%

Summary: The Skiatook housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 30%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
228-63.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skiatook, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Skiatook in October 2024, down by 63.6% month-over-month. Of the 8 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Skiatook, OK

How long does it take to sell a home in Skiatook, OK?

Average Sale Time

Oct 2023Oct 2024CHANGE
57 Days39 Days-31.6%

Summary: Homes in Skiatook had an average of 39 days on market in Oct 2024, down by 31.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Skiatook are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Skiatook; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 11 Days Ago

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