$6,401 Closing Credit*
$539,000
1,520 SqFt
3 Beds
•2 Full Baths
Tanya Wiggins, Listing Office: MMW Realty
Is Broken Bow, 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 Bow has remained a Buyer's Market.
Key Takeaway
Broken Bow is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Broken Bow, OK
How much do homes in Broken Bow, OK cost?
Median Sold Price
$569,000
$325/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$100,750(-15.0%)
Key Takeaway
Homes in Broken Bow have sold for 15% less than they did a year ago.
Summary: The median home sold price in Broken Bow was $569,000 in November 2024, down 15% from last year, and the median price per square foot was $325.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $545K | $429K | -21.3% |
| 2 Bedrooms | $662.2K | $565K | -14.7% |
| 3 Bedrooms | $680K | $486.6K | -28.4% |
| 4 Bedrooms | $875K | $810K | -7.4% |
| 5+ Bedrooms | $1.1M | $1.1M | -2.5% |
Summary: Broken Bow housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.3%, 2 bedroom homes decreased by 14.7%, 3 bedroom homes decreased by 28.4%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 2.5%.
Median Sold Price Compared To Nearby Cities
| North McCurtain | $670.2K | $580K | -13.5% |
| Broken Bow | $669.7K | $569K | -15.0% |
Housing Supply in Broken Bow, OK
How many homes are available in Broken Bow, OK?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 383 | 413 | +7.8% |
Summary: The Broken Bow real estate market had 413 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 66 | 71 | +7.6% |
| 2 Bedrooms | 88 | 99 | +12.5% |
| 3 Bedrooms | 117 | 124 | +6.0% |
| 4 Bedrooms | 66 | 72 | +9.1% |
| 5+ Bedrooms | 46 | 47 | +2.2% |
Summary: The Broken Bow housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 2.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 17 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Broken Bow, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Broken Bow in November 2024, the same as the previous month. Of the 17 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.
Days on Market for Broken Bow, OK
How long does it take to sell a home in Broken Bow, OK?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 90 Days | 131 Days | +45.1% |
Summary: Homes in Broken Bow had an average of 131 days on market in Nov 2024, up by 45.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Broken Bow are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 17 homes were sold in Broken Bow; 18% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 47% of homes were sold over 90 days.
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