$4,038 Closing Credit*
$340,000
2,324 SqFt
4 Beds
•2 Full Baths, 1 Partial
Jill Graumann, 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 October 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
$189,500
$117/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,500(-5.3%)
Key Takeaway
Homes in Altus have sold for 5.2% less than they did a year ago.
Summary: The median home sold price in Altus was $189,500 in October 2024, down 5.3% from last year, and the median price per square foot was $117.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $13K | N/A |
| 2 Bedrooms | $58.2K | $64.5K | +10.7% |
| 3 Bedrooms | $176K | $159.4K | -9.4% |
| 4 Bedrooms | $305K | $315K | +3.3% |
| 5+ Bedrooms | $365K | $399K | +9.3% |
Summary: Altus housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 9.4%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 9.3%.
Housing Supply in Altus, OK
How many homes are available in Altus, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 102 | 0.0% |
Summary: The Altus real estate market had 102 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 56 | 57 | +1.8% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Altus housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 10 | -47.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Altus, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Altus in October 2024, down by 47.4% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 59 Days | +24.3% |
Summary: Homes in Altus had an average of 59 days on market in Oct 2024, up by 24.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Altus has remained consistent over time.
Summary: During October 2024, 10 homes were sold in Altus; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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