Is Tecumseh, 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, Tecumseh was a Seller's Market.
Housing Prices in Tecumseh, OK
How much do homes in Tecumseh, OK cost?
Median Sold Price
$145,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tecumseh was $145,000 in March 2024, down 3.3% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | - | N/A |
2 Bedrooms | $85K | $100K | +17.6% |
3 Bedrooms | $150K | $127K | -15.3% |
4 Bedrooms | $292K | $247.9K | -15.1% |
5+ Bedrooms | $227.5K | $229K | +0.7% |
Summary: Tecumseh 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 17.6%, 3 bedroom homes decreased by 15.3%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 0.7%.
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 Tecumseh, OK
How many homes are available in Tecumseh, OK?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
45 | 44 | -2.2% |
Summary: The Tecumseh real estate market had 44 homes for sale in March 2024, a 2.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 9 | 0.0% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Tecumseh 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 remained the same, 3 bedroom homes decreased by 3.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Tecumseh in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 17 Days | -71.8% |
Summary: Homes in Tecumseh had an average of 17 days on market in Mar 2024, down by 71.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Tecumseh; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.