Is Central Washita, OK a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Central Washita is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Central Washita was a Seller's Market.

Key Takeaway

Central Washita is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Central Washita, OK

How much do homes in Central Washita, OK cost?

Median Sold Price

$126,500

$79/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$1,500(-1.2%)

Key Takeaway

Homes in Central Washita have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Central Washita was $126,500 in November 2024, down 1.2% from last year, and the median price per square foot was $79.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $12K-
N/A
2 $76K$40K
-47.4%
3 $129K$122K
-5.4%
4 $245K$290K
+18.4%
5+ -$230K
N/A

Summary: Central Washita 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 decreased by 47.4%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

New Cordell
+4.8%
Central Washita
-1.2%
Cordell
-3.1%

Housing Supply in Central Washita, OK

How many homes are available in Central Washita, OK?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3234+6.3%

Summary: The Central Washita real estate market had 34 homes for sale in November 2024, a 6.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 34
+33.3%
3 1820
+11.1%
4 88
0.0%
5+ 21
-50.0%

Summary: The Central Washita 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 increased by 33.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Central Washita, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Central Washita in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Central Washita, OK

How long does it take to sell a home in Central Washita, OK?

Average Sale Time

Nov 2023Nov 2024CHANGE
129 Days47 Days-63.2%

Summary: Homes in Central Washita had an average of 47 days on market in Nov 2024, down by 63.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Central Washita are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Central Washita; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Central Washita, OK

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