Is Shawnee, 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, 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
$195,250
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Shawnee have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Shawnee was $195,250 in May 2024, up 4.8% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $32K | $82K | +156.3% |
| 2 Bedrooms | $78.7K | $75.5K | -4.1% |
| 3 Bedrooms | $192.5K | $199.9K | +3.9% |
| 4 Bedrooms | $245.1K | $265K | +8.1% |
| 5+ Bedrooms | $322.5K | $317K | -1.7% |
Summary: Shawnee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 156.3%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Tecumseh | $149.9K | $176K | +17.4% |
| Shawnee | $186.3K | $195.2K | +4.8% |
| Bethel Acres | $261.4K | $245.7K | -6.0% |
Housing Supply in Shawnee, OK
How many homes are available in Shawnee, OK?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 235 | 258 | +9.8% |
Summary: The Shawnee real estate market had 258 homes for sale in May 2024, a 9.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 35 | 36 | +2.9% |
| 3 Bedrooms | 141 | 151 | +7.1% |
| 4 Bedrooms | 49 | 57 | +16.3% |
| 5+ Bedrooms | 8 | 13 | +62.5% |
Summary: The Shawnee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 62.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 63 | +37.0% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Shawnee, you may be able to get a good deal. 68.3% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Shawnee in May 2024, up by 37.0% month-over-month. Of the 63 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 39 Days | +87.1% |
Summary: Homes in Shawnee had an average of 39 days on market in May 2024, up by 87.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
9 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 May 2024, 63 homes were sold in Shawnee; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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