Is Tahlequah, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Tahlequah has remained a Seller's Market.
Key Takeaway
Tahlequah is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tahlequah, OK
How much do homes in Tahlequah, OK cost?
Median Sold Price
$191,000
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Tahlequah have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Tahlequah was $191,000 in May 2024, up 8.4% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $260K | $67.5K | -74.0% |
| 2 Bedrooms | $110K | $110K | 0.0% |
| 3 Bedrooms | $175.2K | $210K | +19.8% |
| 4 Bedrooms | $251.5K | $274K | +8.9% |
| 5+ Bedrooms | $400K | $375K | -6.3% |
Summary: Tahlequah housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 74%, 2 bedroom homes did not change, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Tahlequah | $176.1K | $191K | +8.4% |
| South Cherokee | $236.5K | $237.5K | 0.4% |
Housing Supply in Tahlequah, OK
How many homes are available in Tahlequah, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 135 | 126 | -6.7% |
Summary: The Tahlequah real estate market had 126 homes for sale in May 2024, a 6.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 19 | +11.8% |
| 3 Bedrooms | 77 | 62 | -19.5% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Tahlequah housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 25 | -10.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Tahlequah, you may be able to get a good deal. 72% of homes here sold below asking price last month.
Summary: A total of 25 homes were sold or pending in Tahlequah in May 2024, down by 10.7% month-over-month. Of the 25 sold homes, 72% were sold under asking, 16% were sold at asking, and 12% were sold over asking.
Days on Market for Tahlequah, OK
How long does it take to sell a home in Tahlequah, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 51 Days | +49.4% |
Summary: Homes in Tahlequah had an average of 51 days on market in May 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Tahlequah has remained consistent over time.
Summary: During May 2024, 25 homes were sold in Tahlequah; 40% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.