Is Coweta, 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, Coweta has remained a Seller's Market.
Key Takeaway
Coweta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Coweta, OK
How much do homes in Coweta, OK cost?
Median Sold Price
$269,990
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Coweta have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Coweta was $269,990 in May 2024, up 8.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $180K | N/A |
| 2 Bedrooms | $145.5K | $134.9K | -7.3% |
| 3 Bedrooms | $235K | $240K | +2.1% |
| 4 Bedrooms | $323.4K | $342.5K | +5.9% |
| 5+ Bedrooms | $376.7K | $585K | +55.3% |
Summary: Coweta 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 decreased by 7.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 55.3%.
Median Sold Price Compared To Nearby Cities
| Coweta | $249K | $269.9K | +8.4% |
| Broken Arrow | $275K | $292.8K | +6.5% |
| Broken Arrow | $274.9K | $292.6K | +6.4% |
Housing Supply in Coweta, OK
How many homes are available in Coweta, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 109 | 112 | +2.8% |
Summary: The Coweta real estate market had 112 homes for sale in May 2024, a 2.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 65 | 69 | +6.2% |
| 4 Bedrooms | 35 | 37 | +5.7% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Coweta 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 decreased by 66.7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Coweta, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Coweta in May 2024, up by 10.3% month-over-month. Of the 32 sold homes, 63% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Coweta, OK
How long does it take to sell a home in Coweta, OK?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 42 Days | +42.2% |
Summary: Homes in Coweta had an average of 42 days on market in May 2024, up by 42.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Coweta are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Coweta; 56% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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