$16,000
0.53 Acres
Land
Jenn Hudson, Listing Office: Metro Brokers of Oklahoma
Is Checotah, 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, Checotah was a Seller's Market.
Key Takeaway
Checotah 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 Checotah, OK
How much do homes in Checotah, OK cost?
Median Sold Price
$207,500
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+7.8%)
Key Takeaway
Homes in Checotah have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Checotah was $207,500 in October 2024, up 7.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147.5K | N/A |
| 2 Bedrooms | $129.9K | $163.5K | +25.9% |
| 3 Bedrooms | $205K | $230K | +12.2% |
| 4 Bedrooms | $379.5K | $430K | +13.3% |
| 5+ Bedrooms | $420K | $290K | -31.0% |
Summary: Checotah 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 25.9%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 31%.
Housing Supply in Checotah, OK
How many homes are available in Checotah, OK?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 49 | 47 | -4.1% |
Summary: The Checotah real estate market had 47 homes for sale in October 2024, a 4.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 30 | 30 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Checotah housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 22.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Checotah, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Checotah in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Checotah, OK
How long does it take to sell a home in Checotah, OK?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 120 Days | +157.8% |
Summary: Homes in Checotah had an average of 120 days on market in Oct 2024, up by 157.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Checotah are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 7 homes were sold in Checotah; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
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