Is Broken Bow, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Broken Bow was a Seller's Market.
Key Takeaway
Broken Bow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broken Bow, OK
How much do homes in Broken Bow, OK cost?
Median Sold Price
$605,000
$360/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Broken Bow have sold for 13.5% less than they did a year ago.
Summary: The median home sold price in Broken Bow was $605,000 in April 2024, down 13.5% from last year, and the median price per square foot was $360.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $590K | $495K | -16.1% |
| 2 Bedrooms | $703.2K | $575K | -18.2% |
| 3 Bedrooms | $450K | $599K | +33.1% |
| 4 Bedrooms | $989.2K | $855K | -13.6% |
| 5+ Bedrooms | $1.2M | $1.1M | -10.8% |
Summary: Broken Bow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 33.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 10.8%.
Housing Supply in Broken Bow, OK
How many homes are available in Broken Bow, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 270 | 310 | +14.8% |
Summary: The Broken Bow real estate market had 310 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 44 | 48 | +9.1% |
| 2 Bedrooms | 64 | 71 | +10.9% |
| 3 Bedrooms | 78 | 99 | +26.9% |
| 4 Bedrooms | 49 | 54 | +10.2% |
| 5+ Bedrooms | 35 | 38 | +8.6% |
Summary: The Broken Bow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
6 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 Broken Bow, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Broken Bow in April 2024, down by 36.4% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Broken Bow, OK
How long does it take to sell a home in Broken Bow, OK?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 103 Days | 97 Days | -5.5% |
Summary: Homes in Broken Bow had an average of 97 days on market in Apr 2024, down by 5.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Broken Bow are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 7 homes were sold in Broken Bow; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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