Is Shawnee, 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, Shawnee has remained a Seller's Market.
Key Takeaway
Shawnee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shawnee, OK
How much do homes in Shawnee, OK cost?
Median Sold Price
$198,725
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Shawnee have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Shawnee was $198,725 in April 2024, up 13.5% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | $130K | +306.3% |
| 2 Bedrooms | $77.5K | $86.7K | +11.9% |
| 3 Bedrooms | $181.6K | $200K | +10.1% |
| 4 Bedrooms | $245K | $266K | +8.6% |
| 5+ Bedrooms | $320K | $321K | 0.3% |
Summary: Shawnee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 306.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| Shawnee | $175K | $198.7K | +13.5% |
| Tecumseh | $149.9K | $162.5K | +8.4% |
| Bethel Acres | $265K | $258.7K | -2.4% |
Housing Supply in Shawnee, OK
How many homes are available in Shawnee, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 210 | 238 | +13.3% |
Summary: The Shawnee real estate market had 238 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 27 | 36 | +33.3% |
| 3 Bedrooms | 138 | 142 | +2.9% |
| 4 Bedrooms | 35 | 50 | +42.9% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Shawnee 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 increased by 33.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 46 | +9.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shawnee, you may be able to get a good deal. 41.3% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Shawnee in April 2024, up by 9.5% month-over-month. Of the 46 sold homes, 41% were sold under asking, 30% were sold at asking, and 28% were sold over asking.
Days on Market for Shawnee, OK
How long does it take to sell a home in Shawnee, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 46 Days | +104.2% |
Summary: Homes in Shawnee had an average of 46 days on market in Apr 2024, up by 104.2% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shawnee are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 46 homes were sold in Shawnee; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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