$2,197 Closing Credit*
$185,000
1,244 SqFt
3 Beds
•2 Full Baths
Ashlee Jack, Listing Office: Re/Max Property Place
Is Altus, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Altus was a Seller's Market.
Key Takeaway
Altus is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Altus, OK
How much do homes in Altus, OK cost?
Median Sold Price
$190,000
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,000(-5.9%)
Key Takeaway
Homes in Altus have sold for 5.9% less than they did a year ago.
Summary: The median home sold price in Altus was $190,000 in November 2024, down 5.9% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $13K | N/A |
| 2 Bedrooms | $56.5K | $64.5K | +14.2% |
| 3 Bedrooms | $178.9K | $161K | -10.0% |
| 4 Bedrooms | $313K | $315K | +0.6% |
| 5+ Bedrooms | $365K | $430K | +17.8% |
Summary: Altus housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.2%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in Altus, OK
How many homes are available in Altus, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 103 | 108 | +4.9% |
Summary: The Altus real estate market had 108 homes for sale in November 2024, a 4.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 55 | 52 | -5.5% |
| 4 Bedrooms | 33 | 39 | +18.2% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Altus housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Altus, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Altus in November 2024, up by 18.2% month-over-month. Of the 13 sold homes, 54% were sold under asking, 46% were sold at asking, and 0% were sold over asking.
Days on Market for Altus, OK
How long does it take to sell a home in Altus, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 48 Days | -10.6% |
Summary: Homes in Altus had an average of 48 days on market in Nov 2024, down by 10.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Altus are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Altus; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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