$4,097 Closing Credit*
$345,000
1,784 SqFt
4 Beds
•3 Full Baths
Madison Vincent, Listing Office: Draper Realty LLC
Is Blanchard, 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, Blanchard was a Seller's Market.
Key Takeaway
Blanchard is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Blanchard, OK
How much do homes in Blanchard, OK cost?
Median Sold Price
$325,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,333(-1.9%)
Key Takeaway
Homes in Blanchard have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Blanchard was $325,000 in November 2024, down 1.9% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $162.5K | -16.7% |
| 2 Bedrooms | $131K | $155K | +18.3% |
| 3 Bedrooms | $289K | $284.9K | -1.4% |
| 4 Bedrooms | $358.2K | $360K | 0.5% |
| 5+ Bedrooms | $439.4K | $418.9K | -4.7% |
Summary: Blanchard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 18.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Newcastle | $278.5K | $298.9K | +7.3% |
| Newcastle-Blanchard | $294.5K | $299.5K | +1.7% |
| Blanchard | $323.7K | $322.6K | -0.3% |
| Blanchard | $331.3K | $325K | -1.9% |
Housing Supply in Blanchard, OK
How many homes are available in Blanchard, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 156 | 162 | +3.8% |
Summary: The Blanchard real estate market had 162 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 94 | 92 | -2.1% |
| 4 Bedrooms | 42 | 50 | +19.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Blanchard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blanchard, expect to pay close to the asking price. 52% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Blanchard in November 2024, up by 13.6% month-over-month. Of the 25 sold homes, 28% were sold under asking, 52% were sold at asking, and 20% were sold over asking.
Days on Market for Blanchard, OK
How long does it take to sell a home in Blanchard, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -2.7% |
Summary: Homes in Blanchard had an average of 49 days on market in Nov 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blanchard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 25 homes were sold in Blanchard; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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