Is Choctaw, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Choctaw was a Seller's Market.
Housing Prices in Choctaw, OK
How much do homes in Choctaw, OK cost?
Median Sold Price
$313,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Choctaw was $313,500 in April 2024, up 8.1% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $135K | $190K | +40.7% |
3 Bedrooms | $260K | $274.5K | +5.6% |
4 Bedrooms | $368K | $395K | +7.3% |
5+ Bedrooms | $495K | $450K | -9.1% |
Summary: Choctaw housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 9.1%.
Median Sold Price Compared To Nearby Cities
Harrah | $228.9K | $256K | +11.8% |
Choctaw | $290K | $313.5K | +8.1% |
Oklahoma City Southeast | $184K | $195.4K | +6.2% |
Nicoma Park | $207.2K | $216.9K | +4.7% |
Jones | $400.2K | $413.2K | +3.3% |
Housing Supply in Choctaw, OK
How many homes are available in Choctaw, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 129 | +8.4% |
Summary: The Choctaw real estate market had 129 homes for sale in April 2024, a 8.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 62 | 61 | -1.6% |
4 Bedrooms | 49 | 59 | +20.4% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Choctaw 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 40%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Choctaw in April 2024, down by 12.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for Choctaw, OK
How long does it take to sell a home in Choctaw, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 44 Days | +12.1% |
Summary: Homes in Choctaw had an average of 44 days on market in Apr 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Choctaw; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.