Is Broken Arrow, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Broken Arrow has remained a Seller's Market.
Housing Prices in Broken Arrow, OK
How much do homes in Broken Arrow, OK cost?
Median Sold Price
$289,991
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Broken Arrow was $289,991 in April 2024, up 6.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410K | $138K | -66.3% |
2 Bedrooms | $155K | $197.5K | +27.4% |
3 Bedrooms | $240K | $251.8K | +4.9% |
4 Bedrooms | $338.8K | $343.1K | +1.3% |
5+ Bedrooms | $405.5K | $459K | +13.2% |
Summary: Broken Arrow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 66.3%, 2 bedroom homes increased by 27.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 13.2%.
Median Sold Price Compared To Nearby Cities
Coweta | $231K | $265K | +14.7% |
Broken Arrow | $272.8K | $289.9K | +6.3% |
Broken Arrow | $275K | $289.9K | +5.4% |
Tulsa | $222.8K | $229.6K | +3.0% |
Housing Supply in Broken Arrow, OK
How many homes are available in Broken Arrow, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
747 | 787 | +5.4% |
Summary: The Broken Arrow real estate market had 787 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 24 | 19 | -20.8% |
3 Bedrooms | 369 | 404 | +9.5% |
4 Bedrooms | 308 | 305 | -1.0% |
5+ Bedrooms | 44 | 55 | +25.0% |
Summary: The Broken Arrow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
175 | 190 | +8.6% |
Asking Price vs. Sold Price
74 Homes Were Sold
Under Asking
66 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 190 homes were sold or pending in Broken Arrow in April 2024, up by 8.6% month-over-month. Of the 190 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for Broken Arrow, OK
How long does it take to sell a home in Broken Arrow, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 43 Days | +37.7% |
Summary: Homes in Broken Arrow had an average of 43 days on market in Apr 2024, up by 37.7% compared to last year.
Breakdown of Home Sale Times
117 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During April 2024, 190 homes were sold in Broken Arrow; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.