$3,443 Closing Credit*
$289,900
1,403 SqFt
3 Beds
•2 Full Baths
Amber Slemp, Listing Office: Coldwell Banker Select
Is Broken Arrow, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Broken Arrow has remained a Seller's Market.
Key Takeaway
Broken Arrow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Broken Arrow, OK
How much do homes in Broken Arrow, OK cost?
Median Sold Price
$294,984
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,985(+3.5%)
Key Takeaway
Homes in Broken Arrow have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Broken Arrow was $294,984 in November 2024, up 3.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $106K | $138.9K | +31.0% |
| 2 Bedrooms | $160K | $189.9K | +18.7% |
| 3 Bedrooms | $249.4K | $260K | +4.2% |
| 4 Bedrooms | $349.9K | $350.1K | 0.1% |
| 5+ Bedrooms | $434.4K | $434.9K | 0.1% |
Summary: Broken Arrow housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31%, 2 bedroom homes increased by 18.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 0.1%.
Median Sold Price Compared To Nearby Cities
| Coweta | $265K | $280K | +5.7% |
| Bixby | $376.7K | $395K | +4.9% |
| Broken Arrow | $284.9K | $294.9K | +3.5% |
| Broken Arrow | $285.1K | $295K | +3.5% |
Housing Supply in Broken Arrow, OK
How many homes are available in Broken Arrow, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 856 | 826 | -3.5% |
Summary: The Broken Arrow real estate market had 826 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 21 | -25.0% |
| 3 Bedrooms | 445 | 425 | -4.5% |
| 4 Bedrooms | 318 | 312 | -1.9% |
| 5+ Bedrooms | 65 | 68 | +4.6% |
Summary: The Broken Arrow 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 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 4.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 186 | 157 | -15.6% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
49 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Broken Arrow, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 157 homes were sold or pending in Broken Arrow in November 2024, down by 15.6% month-over-month. Of the 157 sold homes, 45% were sold under asking, 31% were sold at asking, and 24% were sold over asking.
Days on Market for Broken Arrow, OK
How long does it take to sell a home in Broken Arrow, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 33 Days | -7.8% |
Summary: Homes in Broken Arrow had an average of 33 days on market in Nov 2024, down by 7.8% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Broken Arrow are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 157 homes were sold in Broken Arrow; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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