Is Tecumseh, 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, Tecumseh has remained a Seller's Market.
Housing Prices in Tecumseh, OK
How much do homes in Tecumseh, OK cost?
Median Sold Price
$162,500
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tecumseh was $162,500 in April 2024, up 8.4% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | - | N/A |
2 Bedrooms | $85K | $110K | +29.4% |
3 Bedrooms | $150K | $140K | -6.7% |
4 Bedrooms | $292K | $246.4K | -15.6% |
5+ Bedrooms | $227.5K | $229K | +0.7% |
Summary: Tecumseh 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 29.4%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 15.6%, and 5+ bedroom homes increased by 0.7%.
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 Tecumseh, OK
How many homes are available in Tecumseh, OK?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 49 | +6.5% |
Summary: The Tecumseh real estate market had 49 homes for sale in April 2024, a 6.5% 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 | 9 | 6 | -33.3% |
3 Bedrooms | 28 | 31 | +10.7% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Tecumseh 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 33.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 10 | +42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Tecumseh in April 2024, up by 42.9% month-over-month. Of the 10 sold homes, 20% were sold under asking, 50% were sold at asking, and 30% were sold over asking.
Days on Market for Tecumseh, OK
How long does it take to sell a home in Tecumseh, OK?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 51 Days | +124.8% |
Summary: Homes in Tecumseh had an average of 51 days on market in Apr 2024, up by 124.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Tecumseh; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.