Is New Cordell, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, New Cordell was a Seller's Market.
Key Takeaway
New Cordell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in New Cordell, OK
How much do homes in New Cordell, OK cost?
Median Sold Price
$122,000
$73/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in New Cordell have sold for 43.5% more than they did a year ago.
Summary: The median home sold price in New Cordell was $122,000 in May 2024, up 43.5% from last year, and the median price per square foot was $73.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $12K | N/A |
| 2 Bedrooms | $63K | $64.5K | +2.4% |
| 3 Bedrooms | $85K | $126.5K | +48.8% |
| 4 Bedrooms | $106.4K | $290K | +172.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: New Cordell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 48.8%, 4 bedroom homes increased by 172.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| New Cordell | $85K | $122K | +43.5% |
| Central Washita | $95K | $129K | +35.8% |
| Cordell | $95K | $129K | +35.8% |
Housing Supply in New Cordell, OK
How many homes are available in New Cordell, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The New Cordell real estate market had 22 homes for sale in May 2024, a 4.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Cordell housing inventory by bedroom type for May 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 7.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Cordell, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in New Cordell in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for New Cordell, OK
How long does it take to sell a home in New Cordell, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 162 Days | 72 Days | -55.2% |
Summary: Homes in New Cordell had an average of 72 days on market in May 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in New Cordell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in New Cordell; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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