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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tecumseh is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Tecumseh, OK

How much do homes in Tecumseh, OK cost?

Median Sold Price

$172,500

$130/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$15,000(+9.5%)

Key Takeaway

Homes in Tecumseh have sold for 9.5% more than they did a year ago.

Summary: The median home sold price in Tecumseh was $172,500 in November 2024, up 9.5% from last year, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$83K
N/A
2 $93.7K$117K
+24.8%
3 $129.3K$158K
+22.1%
4 $264.9K$221.5K
-16.4%
5+ $229K$400K
+74.7%

Summary: Tecumseh housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.8%, 3 bedroom homes increased by 22.1%, 4 bedroom homes decreased by 16.4%, and 5+ bedroom homes increased by 74.7%.

Median Sold Price Compared To Nearby Cities

Tecumseh
+9.5%
Shawnee
+2.6%

Housing Supply in Tecumseh, OK

How many homes are available in Tecumseh, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
5143-15.7%

Summary: The Tecumseh real estate market had 43 homes for sale in November 2024, a 15.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 56
+20.0%
3 2825
-10.7%
4 128
-33.3%
5+ 43
-25.0%

Summary: The Tecumseh housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
134-69.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tecumseh, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Tecumseh in November 2024, down by 69.2% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Tecumseh, OK

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

Average Sale Time

Nov 2023Nov 2024CHANGE
42 Days59 Days+40.7%

Summary: Homes in Tecumseh had an average of 59 days on market in Nov 2024, up by 40.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Tecumseh has remained consistent over time.

Summary: During November 2024, 4 homes were sold in Tecumseh; 25% of homes were sold within 30 days, 50% 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 2 Days Ago

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